Key challenges and opportunities in the cashless Policy

[Yakub02]

Key challenges
in the cashless Policy


-Lack of infrastructure and technological advancements in some regions-
-Cybersecurity concerns and potential for fraud
-Resistance to change among individuals and businesses
-Cost of implementation and maintenance for businesses
Challenges in regulation and policy formulation.
Key Opportunities in the cashless
-Increased financial inclusion for individuals and businesses

-Enhanced efficiency and convenience in financial transactions

- Reduced costs for businesses through decreased need for physical cash

-Better data collection and analysis for government and financial institutions

Increased transparency and accountability in financial transaction