10 Lines Essay on "Money transaction in the digital world" | Paragraph about "Money transaction in the digital world

"Few lines about the "Money transaction in the digital world"

Money Transaction

1. In the digital world, money is mostly transacted in digital form through banks, applications, and wallet etc.
2. In past few years, One has to visit the bank and fill in a challan or produce a cheque to withdraw money from his account. Now this practice is gradually vanishing.
3. Nowadays, one can easily withdraw the necessary amount from an Automated Teller Machine (ATM) with the help of an ATM debit card at any time.
4. A person can deposit money in their account without visiting the branch.
5. Similarly, credit cards are also available, through which things are bought on credit and the amount can be paid later.
6. Nowadays, instead of using cheques or Demand Drafts (DDs), online transactions through net banking are carried out.
7. Through this, money is transacted to anyone who lives anywhere across the globe.
8. Technology has advanced so much that even mobile banking is widely used nowadays.
9. The main advantages of mobile banking are time saving, secure, and fast.
10. We can pay money from anywhere, and it is privacy and easy to use.

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