The document discusses the benefits of digital transactions and cashless payments. It provides an overview of digital transactions, examples like retail stores and bill payments, and the current cash-dominated scenario in India. The pros of digital transactions include reduced tax avoidance, regulation of real estate prices, and transparency, while the cons include availability of internet access and financial literacy. Different modes of digital payments like mobile wallets, UPI and e-wallets are described. Businesses can encourage cashless payments through online stores, mobile wallets, and payment kiosks. The conclusion is that digital transactions have more pros than cons and various approaches can integrate them.
2. Agenda
● Overview of Digital Transactions
● Pros and Cons of Digital Transactions
● Different Modes for Digital Transaction
● How can your business go Cashless
● World’s First Cashless Country
● Q & A
4. Overview of Digital Transactions
What is a Digital Transaction
● It is a method in which you can make cash transactions without
any physical cash.
Success of Cashless Economy
● Supporting infrastructure
● Awareness
5.
6. Examples of Digital Transactions
● Retail Store
● Tickets
● Insurance
● Bill Payments
7. Current Scenario
233
Million Indians
Have never seen a bank
Zero
Balance accounts
Only 1%
India’s total purchases through
Credit Cards
86%
Cash Economy
₹27 Billion
Currency issuance and
management
29. Conclusion
● Encouragement by a lot of Countries and Governments
● More pros than cons.
● Different approaches using which you can integrate digital
transactions in your business to support cashless transactions.