FINANCIAL SERVICES
LEADING CONTACTLESS PAYMENT METHODS
• Credit / Debit cards
• Mobile payments
• Cryptocurrency
TOP 6 COUNTRIES ABOUT TO GO CASHLESS
going cashless to ensure vulnerable and rural people weren ’ t left behind . This shows that , although the role of cash may change , not even the pandemic has been able to accelerate us towards a truly cashless society .”
Expert Market advisor Zara Chechi concurs : “ Whilst most people rely on cashless forms of payments , such as Apple Pay and online payments , they can still access their cash by popping to a cash machine . In a cashless society , this won ’ t be an option anymore and there is a sense that people will struggle without the security of knowing they can physically access their money again .”
The cons of a cashless environment Whether we like it or not , access to cash is becoming increasingly challenging for consumers . Banks are withdrawing from their traditional role of supplying or accepting cash in person , particularly in rural areas . Mueller , however , points out that physical currency is still vital for accessing certain services and the wider banking system .
# 1 Sweden # 2 China # 3 Norway # 4 The Netherlands # 5 Finland # 6 United Kingdom
“ There is a sense that people will struggle without the security of knowing they can physically access their money again ”
ZARA CHENCHI EXPERT MARKET fintechmagazine . com 71