menu
User qa_get_logged_in_handle sort

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

User qa_get_logged_in_handle sort

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

by Chief of LearnyVerse
(321k points)
in Economics
10 views
0 votes


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

1 Answer

by Chief of LearnyVerse
(321k points)
0 votes

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.


Related questions

0 votes
12 views 1 answer
0 votes
6 views 1 answer
0 votes
69 views 0 answers
0 votes
40 views 1 answer
0 votes
2 views 1 answer
We Encourage everyone to post their own content in Learnyverse, we never encourage copying of content from other sites.

JOIN US

Categories

Recent Badges

Notable Question Get Answers
Notable Question Get Answers
Notable Question 10thGuru
Popular Question 10thGuru
Notable Question 10thGuru
Notable Question Get Answers
Notable Question Get Answers
Famous Question 10thGuru
Notable Question Get Answers
Notable Question Berries
Top Users Nov 2022
  1. Get Answers

    321270 Points

  2. Berries

    151250 Points

  3. God_Of_FreeFire

    82070 Points

  4. tony#shark

    74255 Points

  5. 10thGuru

    41615 Points

  6. Lalit Kumar

    41395 Points

  7. Taniya

    35115 Points

  8. John_ka_Sena

    30560 Points

  9. Vicky

    28505 Points

  10. CPT_SUSHEN_THB

    18445 Points

#500 points as Reward for all the above users