A cashless society is an economic system where financial transactions are conducted without physical money, such as coins or banknotes. Instead, people use digital methods like credit cards, mobile payment apps, and online banking to make purchases and transfer funds. This shift aims to increase convenience, reduce costs associated with handling cash, and enhance security. In a cashless society, transactions are often faster and more efficient, as they eliminate the need for cash handling. However, it can also raise concerns about privacy and access, particularly for those who may not have access to digital payment methods or technology, such as the elderly or low-income individuals.