Cashless transactions are order of the day. most of the people prefer using plastic money rather than cash. Do you think this trend will be useful for all action of the society. Give reasons for your answer and include any relevant examples from your own knowledge or experience.
In many countries, paying for things using mobile phone (cellphone) apps is becoming increasingly common.
Does this development have more advantages or more disadvantages?
Transactions are trackable
convenient if no cash available
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I am writing to you because I am unable to pay next month's rent which is due on Monday. Unfortunately, the other day, I lost my wallet in which there was a large amount of money. I have, therefore, had to ask my parents to deposit money into my account. Since the financial transaction is a time-consuming process, I will pay your rent upon receiving the money. I am so sorry for any inconvenience to have caused you.
People can perform everyday tasks, such as shopping and banking as well as business transactions, without meeting other people face-to-face because of technology. What are the effects of this on individual and society as a whole?