In Trend:Cashless Transaction

The cashless transaction became a new trend past few years, people prefer to use cards or online instead of the physical form of money to carry out their transaction. Seem it is more convenient so the usage of credit cards debit cards and online payments . Even there are numerous apps on our phone which makes this, even more, easier or hassle less. Some may even become agitated if a particular merchant doesn't offer such service which absolutely put them in stress. However, this has both good and both factor that needed deeper analysis as follows.

The benefits of the cashless transaction are exceptionally good as described below:

• less urge to keep a big amount of cash in pocket/purse
• do not need to queue long in the bank to withdraw penny, especially during this period of COVID in an alarming state
• able to manage accounts easily
• saves time and energy to focus on other important matters
• favour business transaction where customer able to make payment instantaneously 
• proof of payment accessible through their account and transaction history kept up to date
• avoid cheating or forgeries related to cash transaction
• help disable person to perform their life activities smoothly

However, there is always ill occurrence despite the cashless transaction has so many goodnesses to offer as listed below:

• some merchants still offer traditional ways of physical cash payments methods
• too much dependence in using cashless transaction
• possibilities of account hacking
• transmission of infection due to the card transaction
• difficult circumstances in the event of system interruption in bank
• additional surcharge 

We should weigh this matter equally and always work to solve the issue if any to raise. Modernization and technology advancement are meant to comfort us but also we need aware of the problems . Not to worry so much by taking up the following steps to secure your cashless transaction:

• keep some amount of physical cash in the event of an emergency
• try to use physical cash whenever or wherever possible
• keep your account pin number privately and change frequently if necessary
• try to avoid pay wave, keep pin number instead for credit or debit card transaction
• always practice sanitizing hand after card transaction
• keep track of your account or check them regularly
• conscious to check on the amount when the merchant key in the price for your purchases

Live with convenience, live for right , simply live it!