Economic activities can be described as legal activities that create and distribute utility from points of production to places of final consumption at a price. Economic activities have been classified into productive activities, commercial activities, distributive activities and service activities. Economic activities are embarked on by two separate economic agents identified as suppliers and buyers. The advent of money resulted into growth and development in economic activities. However,

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... ive consequences associated with cash-based transactions necessitated the adoption of cashless policy. The cashless policy is a policy that encourages more electronic-based transactions. The aim of this study is to determine how some factors of cashless policy impact on economic activities. Some of these factors are availability of power, infrastructures and literacy level. Findings revealed that cashless policy has contributed to the promotion of technology enhanced businesses. In addition, constant and regular supply of electricity will aid cashless policy, thereby strengthening economic activities in Developing countries.