Comparison of cash and cashless transactions

Cash transactions and non-cash transactions are two different ways of making payments, each with its own advantages and disadvantages. Cash transactions involve physically transferring money between the buyer and the seller using cash. This is the most traditional form of payment, which is still widely used. The advantage of cash transactions is that there are no processing fees, you can control the amount of money spent, and also protect your privacy since cash transactions do not leave an electronic trace. However, having a large amount of cash can be risky due to loss or theft. Non-cash transactions are carried out using various methods such as payment cards, bank transfers, mobile applications, or online payments. The advantages of this type of transaction are convenience, speed, and the ability to make online transactions. In addition, non-cash payments allow you to monitor transaction history, making it easier to track expenses. However, some non-cash payment methods may involve fees and there is a risk of personal data theft. Both cash and non-cash transactions have their advantages and disadvantages. It is important to find a balance between them to ensure effective financial management and transaction security. Having a certain amount of cash on hand can be useful for everyday payments.