24 Jul '12, 1am

Are you prepared to go cashless?

Are you prepared to go cashless?

Hello there! If you are new here, you might want to subscribe to the RSS feed for updates on this topic. With cashless initiatives such as Visa Paywave, Google Wallet and NFC, will consumers be convinced of this convenience and start foregoing their coins and notes? Countries like Sweden have long gone cashless,with just 3% of its economy in notes and coins, according to the Bank of International Settlements. In fact, many businesses in Stockholm no longer accept paper notes, several churches have installed credit card swiping devices in lieu of passing the collection basket, and even some small towns are entirely cashless. Although Asia is slow to match up, there is no reason to be surprised. Indeed, convenience is a major benefit when it comes to going cashless. No more seeking for a bank branch and ATMs. Holding bulky wallets full of dollar bills and safeguarding envelo...

Full article: http://e27.sg/2012/07/24/are-you-prepared-to-go-cashless/

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