Listening Unit 4

The advent of (a)   has revolutionized the way we conduct financial transactions. This discussion explores the (b)   and (c)   of cashless payments, their impact on (d)   , and the future of this technology.

• cashless payments
• benefits
• challenges
• society
• benefit
• challenge
• soceity
• cashless payment

Convenience: (a)   payments offer unparalleled convenience. Transactions can be completed quickly and easily using (b)   , mobile wallets, or online banking. This eliminates the need to carry physical (c)   and reduces the time spent on transactions.

• Cashless
• credit/debit cards
• cash
• cashles
• cashes
• credit/debit card

Security. Digital ​ ​ (a)   are generally more secure than cash ​ (b)   . They reduce the risk of ​ (c)   and loss, and advanced encryption technologies ​ (d)   sensitive information.

• payments
• transactions
• theft
• protect
• payment
• transaction
• debt
• protects

Tracking and Management. Cashless payments ​ (a)   a clear record of transactions, making it easier for individuals and businesses to track and ​ (b)   their finances. This can help in budgeting and financial ​ (c)   .

• provide
• manage
• planning
• provides
• manege
• planing

Economic Growth. The ​ (a)   adoption of cashless payments can ​ (b)   economic growth by increasing transaction ​ (c)   and reducing the costs associated with handling cash.

• widespread
• boost
• efficiency
• widesreed
• boosts
• eficiency

Digital Divide. Not everyone has ​ (a)   to the technology required for ​ (b)   payments. This digital divide can ​ (c)   certain populations, particularly in rural or underdeveloped areas, from the ​ (d)   of cashless transactions.

• access
• cashless
• exclude
• benefits
• benefit
• excludes
• cashles
• acsess

Privacy Concerns. Cashless payments ​ (a)   a significant amount of data, raising ​ (b)   about privacy and data security. There is a risk of ​ (c)   information being misused or ​ (d)   into the wrong hands.

• generate
• concerns
• personal
• falling
• faling
• generates
• concern
• personel

Cybersecurity Threats. The increasing ​ (a)   on digital payments makes them a ​ (b)   for cybercriminals. Ensuring robust ​ (c)   measures is essential to protect against ​ (d)   and hacking.

• reliance
• target
• cybersecurity
• fraud
• froud
• ciberscurity
• tarjet
• relience

Dependence on Technology. Cashless payments ​ (a)   on technology and ​ (b)   , such as internet ​ (c)   and power supply. Any disruption in these services can hinder the ability to make ​ (d)   .

• rely
• infrastructure
• connectivity
• transactions
• transection
• relly
• infrastrucere
• conectivity

Cashless payments offer ​ (a)   benefits, including convenience, security, and economic ​ (b)   . However, they also ​ (c)   challenges such as the digital ​ (d)   , privacy concerns, and cybersecurity ​ (e)   .

• numerous
• growth
• present
• divide
• threats