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"Kindly name those factors that promote our society towards cashless society along with solid reasons"

 

 

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GDB Idea
When we talk about a cashless society, by all means we mean that people not carrying any kind of currencies whatsoever. So all will be left with the people would be credit, debit or smart card along with the complicated alphanumeric combined passwords in their heads. So there will be no threat of losing money and pickpockets. Also it will be way easier to carry the money around regardless of the amount, hence decrease in transaction costs. Computerized banking is also an example of cashless factor.
yes it is totally right. thanks.
Debt card, Credit cards, Electronic Transfer, E-money e- shopping,and store –value card are factors that make our society cashless. Reason is that these methods are very easy to use and easy for purchases and sales transactions. These methods require no money and automatically Dr. and Cr. Your account as your transactions.
well hijab..
thnx tariq bai
thanx alot tariq bhai........
The first factor
is the availability of proven technology.
"Telecommunication networks", which are very crucial for making e-payment authorization as well as clearing and settlement, become much more efficient. Both fixed line telephone and wireless network can convey not only voice, but data or even images that allow people to make and authorize their payments online on real time basis, especially for the wireless, people now can make their payments anyplace at anytime.
The second factor
is the customers’ needs for more efficient payment instruments. In these days, customers are more demanding and sophisticated. They need better services at lower prices.
It is not the correct answer Rahi. The answers which are mentioned above are correct.

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