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  • Re: Do you think India is ready for electronic payment system?

    by » 5 years ago

    usha manohar
    704 19.5k 126.1k

    To conclude, in the good old days we had bartar system where goods were exchanged and slowly metal gained importance with copper, silver and gold coins used as a measure of value. Paper currency was discovered by the Chinese and later Europeans adapted it since it was easier to use and seemed more practical. But this also made it easier to manufacture and replicate which became its greatest disadvantage. Money in the past decades has been the most misused commodity and it is time we limit its usage which thankfully the present government has realised. A democracy should be able to provide equality to all its citizens including the distribution of wealth. Hopefully as more measures are put in place there would be much more accountability and less scope for black money generation and less corruption since they are all inter linked.


    Pay no mind to those who talk behind your back, it simply means that you are two steps ahead !!!

  • Re: Do you think India is ready for electronic payment system?

    by » 5 years ago

    Babu saroj
    Expert Boarder
    8 294 1.97k

    Let's be frank actually now there is no option left to us, and we have to go cashless to survive in the present condition which almost everyone is facing, cashless has many benefits also and through cashless we get reward points and many more, which will be directly and beneficial for us and for the government too. So if something is benefiting us then why we shouldn't go there.


  • Re: Do you think India is ready for electronic payment system?

    by » 5 years ago

    Diamond Mate
    31 4.98k 28.3k

    Cashless is a form of facilitation utilising technology to effect almost all forms of payment. It's use will expand as the citizens become  more sophisticated in their spending habits. In an extraordinatily large population like ours with various layers of earning potential and education it will be slower than countries with higher levels. However cashless is not going to solve black money generation which is all together a different proposition. It may marginally reduce it at the lower fringes. But yes as time goes more people will find going cashless a convenient way of doing financial transactions. Sooner or later it is going to happen.

  • Re: Do you think India is ready for electronic payment system?

    by » 5 years ago

    1.49k 32k 218.8k

    Cashless economy, that looked once an impossible task, is going to be a reality now. The Government's aim and objective of making the Country free from Black money already showing results. Those who have Black Money only will face the Punishment.  common  man will not be victimised.

    This is what the Government has been repeated ly saying to use the latest Technology.

    Government's mission, " Drive away Black Money holders" is going to be a reality.

  • Re: Do you think India is ready for electronic payment system?

    by » 5 years ago

    Suny Ag
    Editor & Super Moderator
    253 20k 141.2k

    I agree that everyone contributed with insightful thoughts but rules of the thread were not followed fully

    The winners are

    Please check the link








    Babu and


    I love this free image hosting site for sharing my work

    Thank you said by: Kalyani Nandurkar, usha manohar

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