For quite some years, people have been opting to conduct cashless payments instead of using
cash. The popularity of electronic and online payment solutions implies
that fiduciary money will no longer be king. To facilitate this process, many
countries are introducing new measures to encourage customers to utilise digital settlement services. In Sweden,
900 out of the 1600 bank branches have stopped accepting cash deposits. According
to statistics, various regions, such as North America, Europe or Emerging
Asia are witnessing an increasing towards cashless transactions.
More
people are using e-payment solutions
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