Benefits of e-banking

Lockdown has forced people to use digital banking or cashless transaction. For the banking and even all the business sector, this is the best opportunity to capitalized cashless transaction for secure and convenient payment system. Digital transaction gives multiple benefits to customers, business and government. The major benefits of cashless banking are;
I. Resources advantage including time, energy and staffs
II. No contamination of bacteria and germs during epidemic situation
III. Saving notes printing cost
IV. Control of pollution
V. Control of underground economy and corruptions
VI. Control of credit default
VII. Tax advantage