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B. Benefits of Non-Cash Payment

Instruments

The following are the benefits of non-cash

payments:

1. Faster Transaction Process

You don't need to bother carrying large

amounts of money, because all transactions

can be done non-cash. Apart from that, this

transaction can also save time because it can

be done at any time.

2. Can be done anywhere

You don't need to go to an ATM to pay

electricity, credit, internet or insurance bills.

Because, you can pay via m-banking or e-

wallet anywhere without having to queue with

other people.