1.

Rapid changing technology, increase in e-business transactions and emergence of cash-less economy has led to change in the ways business is being done. In the light of above statement, discuss various ways of ‘Money Collection’ being adopted by various organisations nowa-days.

Answer»

Various new ways of money collection include – 

  • Use of debit cards/credit cards, swiping the card and making payment 
  • Electronic funds transfer 
  • Cash-on-delivery (COD) 
  • Real Time Gross Settlement (RTGS) – used in case of large payments 


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