I ntroduction In the past, cashless society used to make transactions among them through a system called bartering where people exchanged livestock to agricultural products, for example, goat to the maze, camel to water or manufactured products, etc. Bartering system wasn’t convenient due to the lack of a common medium of exchange. Thereafter, precious metals, coins, and paper currency were adopted. Later on, cheques and bills of exchanges came to the existence that was used as cash. Today, some of the developed countries, citizens use electronic transactions instead of cash on hands. They rely on E-transactions than traditional currency. Technological advances, electronic instruments and internet popularity paved the way that hard currency to disappear. The main implications of cashless transactions are realized by many countries and it’s still staring in the eyes of public figures. This exists in many countries in the world. Sweden, Denmark, and Norway are top countries that have a...
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