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Advantages and Disadvantages of a Cashless System in Thailand during the COVID-19 Pandemic

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영문명
발행기관
한국유통과학회
저자명
Somkid YAKEAN
간행물 정보
『The Journal of Asian Finance, Economics and Business(JAFEB)』Vol. 7 No.12, 385~388쪽, 전체 4쪽
주제분류
경제경영 > 경제학
파일형태
PDF
발행일자
2020.12.30
무료

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At present, the payment system in Thailand changes from a paper-based system to a cashless payment system. A coin has its two sides, so the cashless payment has its advantages and disadvantages. This article describes the general advantages and disadvantages of a cashless society in Thailand in the COVID-19 situation. The cashless payment in Thailand consists of credit cards, automated teller machines, direct debit, mobile/Internet banking, e-Wallet, PromptPay, and QR code. The cashless payment is able to assist the government for tax collection accuracy and facilitates users to make financial transactions more transparent and efficient. In addition, the cashless system provides benefits to businesses in which they are able to increase sales and expand business by providing convenient, safe and faster services to customers in making payment for goods/services. It assists businesses to save time and cost of cash management and reduce the paperwork. The cashless payment made the life of students, housewives, and elderly people very easy to carry out financial transactions and there is no need to meet the financial institution staff. This payment system needs advanced technology system skills, a smartphone, and a technology facility. Finally, the cashless payment can reduce the spreading of COVID-19.

목차

1. Introduction
2. Information of Cashless in Thailand
3. Research Methodology
4. Summary Advantages and Disadvantages of Cashless
5. Conclusion
References

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APA

Somkid YAKEAN. (2020).Advantages and Disadvantages of a Cashless System in Thailand during the COVID-19 Pandemic. The Journal of Asian Finance, Economics and Business(JAFEB), 7 (12), 385-388

MLA

Somkid YAKEAN. "Advantages and Disadvantages of a Cashless System in Thailand during the COVID-19 Pandemic." The Journal of Asian Finance, Economics and Business(JAFEB), 7.12(2020): 385-388

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