Cashless society: will consumers accept the idea?


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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