let's do cashless transaction

In the post modern era, every sector is being digitalized. The concept of digitalizing has got a grant success. It has helped people in their daily life. Now people donot need to carry cash with them in order to buy something. A lot of apps or websites has been invented to do cashless transaction. The simplicity, trust and the speed of work was the major factor for the growth of the concept of cashless transaction.

How can i do cashless transaction

In Nepal, there are many websites or apps to do cashless transaction. Some popular apps for it are khalti, esewa, imepay,connect ips etc. If you have bank account then you can fill the form of mobile banking through which you can do cashless transaction. I personally have mobile banking of NIC ASIA bank and i have even its mobile banking facilities. I can directly pay the amounts through my banks. You can bind your bank accounts with the apps like esewa, khalti etc through which you can easily do transaction online.

How can i do transaction through mobile?

If you have apps like esewa, khalti etc then you can pay your money by scanning the QR code. QR code is the code which is linked with the seller account, by scanning the QR and verifying the amount you want to send, you can pay your money within seconds. If there is no QR code facility, then you can transfer your fund by asking there esewa or other related number. If they donot have such number then also you can transfer them the money through connect ips. Connect ips is a very popular fund transfering website through which you can transfer the money directly to the receiver's bank account. You can even the pay the cash of the stocks you brought through connect ips. By using mobile banking, you can book a plane ticket, pay electricity bills, pay water bills etc

Advantage of mobile banking

With the help of mobile banking, you can directly pay the amount without using cash. So this has probably minimized the fear of money being stolen. There is high probability of pick pocketing when you travel to the very busy places like train, buses etc. Even if your phone gets stolen then nobody can access your mobile banking because of the high security provided by it. So we have led to the conclusion that, the mobile banking has solved a huge problem and it is even very easy to use. It has helped people with multiple ways. Digitalizing the money has even helped in controlling the corruption in various sector as it is fully transparent. There are already 11.91 billion people in Nepal using mobile banking and the ratio is increasing rapidly. So lets we all use the mobile banking and let we all digitalize the Nepal.

Nepali Stock Market

Share market, also known as stock market or equity market is the platform where people can buy or sell the stocks(also called share), of the company they want, becoming the partner of that company. Share market has became the pillar of the unemployed people as people can easily buy and sell the stocks at appropriate time generating a good income.

In context of Nepali Stock market, it is getting popular day by day especially with youth who are getting hard to find jobs. Those who are employed are also being engaged in it as a part time secondary income source.

Process to Invest In Stocks

 To buy or sell the stock their is the intermediate which we technically call as Broker. There are 50 licensed brokers available at today's date. In order to buy and sell the stock we must first deal with broker. We shall create an Dmat account and an CRN number through Bank. After than we should visit in brokers office and create an account there. Now we are technically eligible to invest in Nepalese stock market.

But nowadays every sector is being digitalized and so do Nepalese stock market. Now people donot need to go on the brokers office, fill the form, stand in queue for a long just to buy or sell stocks. People can directly buy and sell any stock they want just through a mobile, laptop or desktop. To do so, one have to go on brokers office, fill the TMS form. After the form is verified, Broker office will give you the excess to TMS through which you can directly invest in stocks.

Advantages OF Investing In Stocks

There are a lot of advantages of investing in stocks. But one shouldn't invest in it without getting the proper knowledge.

It has became the primary source of income to many people as it can help us generate a huge amount of income. It has became more popular to those who are currently unemployed, students or those who donot have source of income. People can buy or sell their stocks by sitting in any internet accessed area with in just 5 minutes. People who are employed can even invest in stocks as it can be done digitally so it may become secondary source of their income. In sort the main advantage of Stock market is a good income if invested properly with best technical, financial and fundamental plan .

Disadvantages of Stock Market

The great advantage come with the great risk. Investing in share market is a very risky job. You have to do a lot of research, a lot of technical and fundamental analysis. You might not create an income if you invest your money in wrong shares.

My Suggestion

To be honest every job is risky but if you became afraid of the risk and move your steps behind then you might miss a great opportunity in your life. So you have to do research, Hard work and must have patience if you really want an good income through share market. If you are beginner in this market then you should start with less capital. After you get more and more knowledge you might increase your capital.