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Q.

Examples of cardless transactions are


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a

Debit card for shopping

b

Paytm for groceries

c

Net banking for transferring money

d

All of the above 

answer is D.

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Detailed Solution

Examples of cardless transactions are debit cards for shopping, Paytm for groceries, and net banking for transferring money. Cardless transactions are a trend in today’s world. Not because it looks fancy but because it is very convenient to use, takes only a few seconds to settle transactions, and can be done using your smartphone. Debit and credit cards can easily be used at any store while shopping and mobile banking apps such as Paytm, UPI, and Phonepe can be used to make any transaction around the globe. This is the easiest way of transferring money anywhere in the world. Another revolution in the field of banking is the introduction of net banking. It can be used for making payments, opening an account, taking a loan, and all the other activities that before required a person to go to the bank to get things done physically.
 
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