Is this good or bad is discussed below:. I partially agree with this perspective. Being the part of this modern world is full of good and bad deeds. By continuing to use this website, you agree to their use. It is argued that hard cash will soon become obsolete and all transactions will take place through credit and debit cards. Like us on Facebook.

Do you agree or disagree? After analyzing all the aforementioned aspects, I would like to recapitulate that although, cashless society have some demerits but its merits outweigh its negative side and can be addressed strategically. This site uses Akismet to reduce spam. We’ll assume you’re ok with this, but you can opt-out if you wish. To begin with the demerits , first of all, if the society goes cashless altogether, it can become more spend-thrift. On the contrary, there are some loopholes in these cashless transactions. There is a number of people living in villages are still illiterate and they have started facing several problems as they do not have any knowledge to use internet banking of how to do ATM transactions.

ielts essay cashless society

Notify me of follow-up comments by email. She still prefers cash transactions at the local shops. Also, there are many systems where the electronic plastic money is not esasy practice.

Advantages and disadvantages of cashless society 52

Moreover, paying by card saves money in long run. If people carry cards all the time and every shop and vendor has a swiping machine available, people can become impulse buyers and end up purchasing things which cashless do not even require.

Internet banking is not always fully secured.

Likewise, daily wage labourers are more likely to be paid in cash for the service they offer. There is no need now to islts in the long queues for the payment of the water and electricity bills of the home, as they can be paid easily with just a click of the button. Essay — In some countries, an increasing number of people are suffering from health problems as a result of eating too much fast food.


To commence with, there are myriad advantages that can be thought of to justify that cashless society is comparatively a better idea but the most preponderant one is that it is safer to carry cards and roam freely without the fear of carrying a bulk of cash. When this occurs, no transactions can take place.

These comments are just a few pitfalls and are not conclusive.

IELTS:Cash and coins will be replaced by credit cards in the ve/Negative

Instead of writing this, develop context by mentioning that a cashless society is less safe than a cash-rich one. Of course, we can reduce the use of cash but some amount of paper currency will be in circulation at all times. First of all, using plastic money removes the risk of carrying cash. It depends on the individual, that how sensible he is in making the decision of which mode of the transaction to be used depending upon the circumstances.

On the contrary, there has been lots of instances where credit card has been misused. Eventually, we will have a cashless society which will be safer and more convenient for everyone.

PTE Sample Essay- Advantages & Disadvantages of Cashless Society

You have to name people, things, events. People can keep all their cards in them and save their pocket space. Line 5, columnRule ID: In my opinion the advantages of using credit cards removes the risk of carrying cash, can be used for all types of transactions globally cashles it is easy to carry.


ielts essay cashless society

This essay will shed light on both the aspects. Essay — In a cashless society, people use more credit cards.

PTE Sample Essay- Advantages & Disadvantages of Cashless Society

Join other followers Amaze me! The most significant advantage is that people need not carry bulky wallets all the time. In the forthcoming paragraphs, I will explain both the advantages and disadvantages of the cashless society along with a considerable conclusion.

There is a number of people living in villages are still illiterate and they have started facing several problems as they do not have any knowledge to use internet banking of how to do ATM transactions.

It this occurs, no transactions can take place. I think that much more soviety needs to be done, before we put all of our eggs into one basket. More essays by this user: Furthermore, carrying cards is safer because even if people lose them, they can promptly intimate their Bank to cancel their card on the spot.

This process is called phishing where the numbers typed during the online transactions are captured by hackers. This event would, eventually, create a safer and convenient environment for the community. Recent Posts Essay — Some people believe that university students should be required to attend classes. You are commenting using your WordPress. Coins and paper money will soon be replaced by credit and bank casgless.