explain the evaluation of the payments system. Is the system headed towards a cashless society?

Expert Solution

1) barter system .. From ancient to till now

2) coinage system. ..during mediaval age and time of different rulers

Evolution of Banking system and payment : 17 or 18 century to till now

3) currency and notes means cash payments legal tender)

4) cheque based payments

5) card payments : Atm card ( digital payment)

6) digital payments ( cashless or less cash ) 1990s to till now .

1) ) electronic payments like rtgs ,neft imps

2) vollet to vollet or account to vollet . Phonepe Paytm, paypal etc.

3) QR code based

All of these system evolution towards cash less or less cash ecosystem of payment.

Rahul Sunny answered 2 years ago

Are we headed for a cashless society? 1. Predictions of a cashless society have been around...

Are we headed for a cashless society? 1. Predictions of a cashless society have been around for decades. 2. E-money might be more convenient and efficient than a payments system based on paper. 3. Several factors work against the disappearance of the paper system. 4. The use of e-money will likely still increase in the future. Money Supply, in the 4 statements we have above, answer them here, Are we moving to a cashless society?

should the cashless debit card (the card used as a means of distributing welfare payments) be...

should the cashless debit card (the card used as a means of distributing welfare payments) be applied or implemented to all the recipients of government payments, like students, pensioners? please explain

what are the rights of society towards the pregnant mother

Two people are headed towards each other on skateboards and experience very little friction or airresistance....

Two people are headed towards each other on skateboards and experience very little friction or airresistance. One person has massm1= 40 kg and one has mass m2= 80 kg. If they are going equal velocities(v = 3 m/s)before the collision, which direction will they be going afterward? How fast?What if we allow the lighter person to start off on a hill of height h. What should h be so that after the collision both skateboarders have stopped?

William leaves Kitchener and Mike leaves Rockwood at the same time both headed towards each others’...

William leaves Kitchener and Mike leaves Rockwood at the same time both headed towards each others’ city along identical routes. They both have constant speeds but Mike’s is greater. They pass each other at noon without stopping. If Mike hikes into Kitchener at 1:00 PM and William reaches Rockwood at 2:15 PM at what time did they both set off? Hint: Draw a position diagram and find an equation for each distance.

A 2500-kg rocket blasts off from Planet A headed directly towards Planet B. The masses of...

A 2500-kg rocket blasts off from Planet A headed directly towards Planet B. The masses of Planet A and B are 6x1024 kg and 3x1025 kg respectively and the distance between the planets is 4x108 m. How far from Planet A will the rocket have traveled when the net gravitational force on the rocket from the two planets is zero?

Question

explain the evaluation of the payments system. Is the system headed towards a cashless society?

Solutions

Expert Solution

Related Solutions

Are we headed for a cashless society? 1. Predictions of a cashless society have been around...

should the cashless debit card (the card used as a means of distributing welfare payments) be...

what are the rights of society towards the pregnant mother

Two people are headed towards each other on skateboards and experience very little friction or airresistance....

William leaves Kitchener and Mike leaves Rockwood at the same time both headed towards each others’...

A 2500-kg rocket blasts off from Planet A headed directly towards Planet B. The masses of...

How has journalism affected the road towards a gradual growth of democratic society? explain in 3-4...

what will be the impact towards society, health,safety and environment if the engineer used diameter of...

4. Explain how an organisation’s management accounting system (MAS) can contribute towards the development of a...

Explain how an organisation’s management accounting system (MAS) can contribute towards the development of a cost...