Cashless Society

A cashless society is one where transactions are conducted without physical cash like coins or paper money. Instead, people use digital methods such as bank cards, mobile payment apps, or online banking to buy goods and pay bills. This system aims to make transactions faster, more secure, and easier to track. While it offers convenience and reduces the need to carry cash, it also relies heavily on technology and internet access, which can pose challenges for those without digital resources. Overall, it represents a shift towards digital financial interactions in everyday life.