Simultaneously people and organizations have been the victims of cyber hacking which have resulted in huge financial loss. Life In 21st Century. This is because they are accustomed to paper money and new cashless credit and debit card transactions require password generation and internet devices. Do you have an essay on this topic? Can our banks keep up, are their systems capable of providing uninterrupted transactions, are they capable of providing total security. Others believe that going to classes should be optional for students.
It is therefore necessary for governments to impose a higher tax on this kind of food. Credit cards have both advantages and disadvantages. Furthermore, carrying cards is safer because even if people lose them, they can promptly intimate their Bank to cancel their card on the spot. Like us on Facebook. An example is one which is specific in nature. Save my name, email, and website in this browser for the next time I comment.
What are the advantages and disadvantages? I disagree with this statement sociehy cashless transactions would increase fraud and would be inconvenient to elder people. Simultaneously, the disadvantages includes its misuse, can be easily hacked and involves paying up high interest rates.
As for the advantages, they increase the purchasing power of people. This ability, however, can be good or bad depending upon your spending habits. If people carry cards all the time and every shop and vendor has a swiping machine available, people can become impulse buyers and end up purchasing things which they do not even require.
This is, again, not an example. It is convenient that just by surfing online, one can do the payment of the airplane spciety the railway ticket. Get your writing samples corrected by me. Also since card transactions are always recorded they make it easy for the government to claim the tax due to it.
PTE Essay – Advantages & Disadvantages Of Cashless Society
Follow Blog via Email Enter your email socety to follow this blog and receive notifications of new posts by email. On the contrary, there are plenty of benefits of going cashless. For instance, sale always attracts people to buy more than necessary and due to facilities of credit cards that one can pay later, people end up buying lot more stuff than essential. Intriguingly, eilts strata of society favour cashless society while others oppose this notion.
You are commenting using your Google account. But if we tap the card instead, we spend the exact amount. Thank you for writing this comment.
IELTS Essay Correction: Paper Money Will Be Replaced By Credit Cards.
You have to name people, things, events. Others believe that going to classes should be optional for students. To find out more, including how to control cookies, see here: To what extent do you agree or disagree? Line 5, columnRule ID: Learn how your comment data is processed. For example, in a medical emergency like an accident, the patient or their family can use the card to ielgs for the medical treatment they need. Using credit cards are beneficial as it saves lots of time.
Reply Quote I consent to this website collecting my details through this form. A wise spender, however, can use the card to their advantage.
Advantages and disadvantages of cashless society
Moreover, the banks are levying hidden charges on every card transaction. This is because they are accustomed to paper money and new cashless credit and debit card transactions require password generation and internet devices.
Do you have an essay on this topic? Since they eliminate the need to carry cash in the wallet, they protect the users from the risk of getting robed.
PTE Sample Essay- Advantages & Disadvantages of Cashless Society
When people buy a product or service from their local vendor they are more likely to make cash payments. Email required Address never made public.