Cashless economy is an economy where there will be no cash transactions. Whether it will be with cards or it can be done by qr code. It can also be done by mobile apps. Now a days carrying cash and going somewhere with a bunch of cash has become a hassle. If you have a card then you can easily just carry a card. Then you will be able to pay with cards anywhere. You don't need to carry an amount of cash. We can do our shopping without thinking about the amount of money we had. We can just easily pay by card without thinking about how much money left in the pocket.
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Now a days things are changing very fast and even in a third world country like Bangladesh, people tend to use cards rather than using cash. This is why banks are also offering cards. Restaurants are keeping a way to pay with cards.
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In Bangladesh, Mobile apps payment gateway and mobile bankings are also getting popular as days are going. Every bank is opening their own mobile banking service by which you can cash in/cash out easily from any shop and even also from booths.
I can see the way how the world is changing. Very soon there will be no existence of cash and people will follow other alternativers of cash
