The promotions of cashless payment have\u00a0highly been linked with the growth of technology. \u00a0The truth is it has a higher impact on economic growth of the Countries whether it is developing the country or developed Country. The studies have shown that the cashless payment has increased the GDP of countries which started adapting the concepts of cashless payments. They have also created the higher amount of job opportunities in the market as well as created a smooth transaction process for financial institutions. Raising of Household consumption of goods and services are also observed at a higher\u00a0level. It becomes very easy to track the flow of currency with cashless payment for government regulation and also reduce the amount of effort and cost that central banks invest in the providing notes and coins. The revenue tax collection has increased marking the reduction of Grey economy. In my opinion, this is the best way to track the currency regulation of any country and reduce the amount of corruption\u00a0regulation.It has recently been proven in India when the demonetization\u00a0happened, The revenue\u00a0gathered by the country was increased by a substantial amount. This type of promotion in cashless payment can lead to a real growth in the economy of a country.<\/p>\n
references:<\/p>\n
https:\/\/www.entrepreneur.com\/article\/272410<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The promotions of cashless payment have\u00a0highly been linked with the growth of technology. \u00a0The truth is it has a higher impact on economic growth of the Countries whether it is developing the country or developed Country. The studies have shown that the cashless payment has increased the GDP of countries which started adapting the concepts … Continue reading Cashless payment : Increase the Economic Growth<\/span><\/a><\/p>\n","protected":false},"author":1856,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-1721","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":0,"qubely_featured_image_url":null,"qubely_author":{"display_name":"ritikahuria","author_link":"https:\/\/blogs.scu.edu\/finis\/author\/ritikahuria\/"},"qubely_comment":0,"qubely_category":"Uncategorized<\/a>","qubely_excerpt":"The promotions of cashless payment have\u00a0highly been linked with the growth of technology. \u00a0The truth is it has a higher impact on economic growth of the Countries whether it is developing the country or developed Country. The studies have shown that the cashless payment has increased the GDP of countries which started adapting the concepts…","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/1721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/users\/1856"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/comments?post=1721"}],"version-history":[{"count":1,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/1721\/revisions"}],"predecessor-version":[{"id":1722,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/1721\/revisions\/1722"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/media?parent=1721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/categories?post=1721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/tags?post=1721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}