Are we becoming a cashless society?

Chris Hack

Are we becoming a cashless society?

When was the last time you used cash to pay for something?

The reason I ask is because it seems to me that these days we are increasingly moving towards becoming a cashless society. The continuing threat of Coronavirus has no doubt contributed in accelerating the demise of notes and coins as a method of paying for goods and services. But I think the sheer convenience of using contactless payment and the continual growth of alternative payment methods such as Google Pay and Apple Pay have certainly played their part as well.

To answer my own question, I can’t actually remember the last time I used cash for anything. If I were to hazard a guess it would probably have been to pay for parking somewhere. But even the way in which we pay to park our cars is evolving. Many car parks now allow you to pay via an app on your phone or by using contactless payment, negating the need to keep that pile of change in your car.

Choosing to use contactless or mobile payment methods is also far more hygienic than traditional cash. For example, did you know that if you use Google Pay to pay for something there is no payment limit? So no matter how much you’re spending you can just hold your phone to the card machine and settle your bill in an instant. After all, in these challenging times where keeping your hands clean and sanitized is vital, who really wants to be using an unsanitary chip and pin machine? Not me!

Personally, I’m pleased that as a nation we are embracing the idea of a cashless society. But how about you? Have you stopped using cash to pay for things in your day to day life?

I’d love to hear your thoughts.

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