A cashless society is an economic system where financial transactions are conducted electronically rather than using physical money like coins and banknotes. This can include methods such as credit and debit cards, mobile payment apps, and digital currencies. The goal is to streamline transactions, making them faster and more convenient for consumers and businesses alike. In a cashless society, people rely on technology for payments, which can enhance security and reduce the risks associated with carrying cash. However, it also raises concerns about privacy and access, as not everyone may have the necessary technology or banking services to participate fully in this system.