Money has changed a lot in today’s world. In the past, people used coins and paper money for almost every payment. Now, many people prefer to use digital finance, such as mobile banking, QR codes, and e-wallets, to make transactions quickly and easily. This change is very visible in the young generation, who rarely bring cash and use their phones for almost everything. This essay will explain how digital finance creates a cashless generation, the benefits it brings, and also the challenges that society must face.
Digital finance gives many benefits to daily life. First, it is very easy and fast. People can pay bills, buy food, shop online, or send money to family with only a smartphone. Transactions that used to take hours or even days can now be done in seconds. Second, it is safer because people do not need to carry a lot of cash that can be lost or stolen. Third, it helps more people join the financial system. For example, those who do not have a traditional bank account can still use e-wallets to save and transfer money.
However, there are also some challenges. If the internet or the digital system does not work, people cannot make payments at all, which can cause problems in daily activities. There are also risks of hackers, online scams, and data theft that can harm users. In addition, not everyone can follow this digital trend. Older people or those in rural areas may find it difficult to use digital finance because they do not understand the technology or do not have strong internet access. This shows that the move toward a cashless society is not always equal for everyone.
Digital finance is changing the way people live, work, and pay for things. It makes life more practical, faster, and sometimes safer, but it also brings new problems that must be solved. The cashless generation shows how technology is shaping the future of money and daily lifestyle. To make this change successful, society needs to balance the benefits and prepare for the risks, so that everyone can enjoy the advantages of a digital financial system.
By: Alya Zilda Sabrina
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