Green Retro Markets and Finance Presentation.pptx

This is a presentation based on cashless economy.

1. CASHLESS ECONOMY Presented by Sridhi Raj Understanding the Shift from Cash to Digital Transactions

2. WHAT IS CASHLESS ECONOMY A cashless economy is one where financial transactions are conducted electronically rather than using physical currency. The shift towards a cashless economy is driven by advancements in technology, changing consumer preferences, and government policies aimed at improving financial inclusion and reducing the cost and risks associated with cash handling.

3. KEY COMPONENTS OF CASHLESS ECONOMY DIGITAL PAYMENT STSTEMN INFRASTRECUTRE REQULATORY FRAMEWORL Credit and Debit cards Mobile Wallets Online Banking Cryptocurrencies Contactless Payments Point of Sale ATMs Internet and Mobile Networks Governments and financial authorities establish regulations to ensure the security and reliability of electronic transactions.

4. ADVANTAGES OF CASHLESS ECONOMY Convenience and Efficienc Reduced Costs Improved Transparency Financial Inclusion Economic Growth

5. CHALLENGES AND CONCERNS Digital Divide Privacy and Security Regulatory Issues Dependency on Technology

6. CHINA INDIA USA GLOBAL EXAMPLES OF CASHLESS ECONOMY SWEDEN Leading in Cashless Adoption Rapid Growth of Mobile Payments Digital India Initiative and UPI Use of Credit/Debit Cards

7. INDIA: A GLOBAL EXAMPLE OF CASHLESS ECONOMY India's journey towards a cashless economy has been a transformative process marked by significant technological advancements and strategic government initiatives. Initiatives such as Digital India and the demonetization drive of 2016 have played pivotal roles in accelerating the adoption of digital payments. The introduction of the Unified Payments Interface (UPI) has been a game-changer, providing a seamless, real-time payment system that is accessible to a wide population.

8. UPI: UNIFIED PAYMENT INTERFACE

9. CONCLUSION A cashless economy offers numerous benefits in terms of efficiency, transparency, and financial inclusion. However, it also presents challenges that need to be addressed through robust infrastructure, regulation, and efforts to bridge the digital divide. As technology and policies evolve, the shift towards a cashless economy is likely to accelerate, shaping the future of global financial systems.

10. Thank you ! Presented by Sridhi Raj