Among some of the foremost advantages of using cash is the fact that it is a straightforward, simple and globally recognised mode of payment that does not need any technological intervention. Cash, either in the form of paper money or coins as a payment form, had evolved over more than 2,700 years, proving its mettle.
WHILE the global trend is largely moving towards the adoption of e-payment systems, cash or paper money will still be here to stay – at least in the near to medium term.
Cash, which has been around for more than two millenniums, still has its role to play in the economy.
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