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Cashless help in economy because all the transactions go with internet banking, or any third party application. So the overall transactions come through bank and this becomes legal transactions. He/she going legally and has to show the tax department incoming and outgoing. Therefore these money flow becomes white. According to the slot they have to pay tax, with this government get benefits and this money is used for the improvement in the country. HOPE You got me.
A cashless economy certainly presents benefits that will boost the economy a lot.
a nation's economy is better when the whole country's GDP per capita get's better and well divided. while a GDP per capita might not be accurate to measure a social wealth, but it gets the job done.
fully agreed of Mr. fyiaz answer
Thanks
Actually, i have no answer, question is out of my specialties
Regards
Cashless transaction help reduce black money and help in free flow of money through right authorised channels
Thanks for invitation,
Totally agree with Mr. Majid's reply.
Thank you. I have no vast knowledge regarding the matter.