
Fingram 2024-06-14 0
Cashless payments
Cashless payments are payments made without using cash by means of bank payment cards and other electronic payment instruments such as electronic money and electronic wallets.
Expansion of the system of cashless settlements is one of the factors of sustainable development of the national economy and financial system of the country. It plays an important role in ensuring transparency of financial transactions, replenishing the state budget, preventing corruption factors and reducing the influence of the human factor.
Transition to a system of non-cash payments reduces the population's need for cash, eliminates queues at ATMs and cash desks of financial institutions to obtain cash, and contributes to saving time and additional expenses of clients.
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