A cashless society
will involve several advantages. The introduction of innovative and secure payment
services means greater convenience and lower crime rates. However, will
consumers accept these facilities readily? Many advance that not everyone might
be comfortable with the idea of using solely digital settlement solutions. This will lead to social exclusion.
Nonetheless, this could be a temporary problem only. It has been predicted by
2030, thanks to the rise of fintech
startups and other new technologies, e-payments will be king.
More
people will use digital payment services
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