What Is Cashless Payment System. The purpose of demonetization is not only to remove black money but also to encourage cashless payment. Its time to go cashless.
A cheque is issued to an individual or business for a selected amount. The system produces a tally sheet and labels for bags saving canteen staff hours of time checking bags counting cash tallying orders and banking cash. With a single click you can operate all these things.
Cashless payment systems are prone to security breaches and hacking.
Cashless payment systems were hurriedly put into place during the past year especially in the retail and foodservice sectors. How to make the move towards a cashless business. Each system has unique features mechanisms and qualities that work together with different types of devices. Cashless payments facilitate the tracking of spending expenditure and record the movement of money.