Asia is moving ahead in digital transactions. The term 'cashless society' is now more frequently spoken. The currency will be fine, but it uses digital technology. There will be no exchange of notes and paper money on paper. This category falls into the category of debit or credit card, mobile wallet like development, e-wallet like PayPal or mobile payment processor like Apple. Bank checks are, however, defined in the same way.
Digital transactions are so popular in the United States that shoppers no longer want to bother with paper notes. Laws have to be enacted to compel note-taking on paper. Voting began in New York City on January 23, followed by San Francisco and Philadelphia in the United States.
The reasoning behind discouraging the entire cashless business is that the poorer people in society, who do not have bank accounts or transactions like Apple, may be discriminated against.
From the point of view of lawmakers, that argument is correct. However, digital transactions are the future, where is the way to deny it?
Western countries are leading the way in digital transactions, but Asia is ahead. Digital transactions in emerging countries in Asia amounted to $ 7.26 billion in 2016. The amount is expected to reach $ 35.28 billion in 2022. Other regions of the world will also move forward in this sector.
No comments:
Post a Comment