Cash transactions incur various drawbacks, including costs associated with organizing payment activities such as printing, transportation, storage, and counting of money. Moreover, cash transactions are often exploited for tax evasion in large transactions and pose social security-related issues such as theft, counterfeit currency, and money laundering. In response to these challenges, restrictions on cash usage have been introduced and the trend of non-cash payments is becoming increasingly popular.

For more information, please see below.

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