Tag: Cashless Society

Some Idaho businesses have gone cashless, raising the question: Is that legal?

Are you paying with cash or card? That’s a question we’ve heard time and time again, but since the COVID-19 outbreak, you might be hearing less of it and instead, businesses might be saying “card only.” COVID-19 concerns have some businesses transitioning to cashless payment methods. You brought this to our attention after talking about […]

Cashless transactions spike as Covid-19 forces public to adapt

The Covid-19 outbreak has drastically accelerated Singapore’s shift to a cashless world, with unprecedented growth in the number of e-payment transactions amid a sharp decrease in cash withdrawals and deposits. Not only are more people buying necessities using grocery and food delivery apps and paying for them using cards, they are also paying for goods […]

Should Our Societies Go Cashless?

For a lot of us of a certain age (let’s say for all of us who vividly remember the pre-internet years), cash has been an integral part of our lives. It was there when we bought our first candy bar, our first beer, our first taxi ride. Heck, it was there when we got our […]

Metrolinx to go cashless in wake of COVID-19 outbreak

Metrolinx is set to remove cash payment options starting on Tuesday in the wake of the ongoing COVID-19 pandemic. “This is an unprecedented, quickly evolving situation,” the transit agency’s spokesperson Anne Marie Aikins said in a statement. “This week, we are increasing efforts further to protect our staff who are working so hard on the […]

The World’s Mobile Money Capital Urges Cashless Transactions Amid COVID-19 Spread, But Will This Help?

Three days ago, Kenya confirmed its first coronavirus (COVID-19) case. The infected person was a 27-year-old Kenyan national who was studying abroad. Then barely two days later, President Uhuru Kenyatta confirmed two more cases of the deadly coronavirus in Kenya. Addressing the nation on Sunday, President Kenyatta the two new cases were discovered following tests […]

Why Banning Cashless Is Baseless

On Thursday, the New York City Council voted to ban stores from going cashless. Claiming that cashless stores are discriminatory, Bronx Councilman Ritchie Torres said, “Cash is the great equalizer, it is the universal currency.” While his intentions were noble, it’s this kind of fear—that society isn’t ready for improvement and increased efficiency—that slows the […]

Quantum Leap: End of Cash is near, cashless currencies are in vogue

The case against cash is clear — expensive to print, difficult to track, prone to theft and an enabler of corruption. Western economies, notably the Nordic countries, have come to depend less and less on cash for transactions. In the UK, cash is used for only 30% of transactions while South Korea plans to phase […]

Rapyd FinTech Announces Single Cashless Platform In Singapore

Global FinTech Rapyd announced that it has launched a single platform in Singapore that enables businesses to go cashless. The company has partnered with key players on “Singapore Platform,” which will allow consumers and businesses to make payments electronically, convert cash to electronic payment methods or receive funds instantly. “I am thrilled to be able […]

UAE ‘very close’ to becoming a cashless society

Dubai could see $2.2bn uptick in the economy by adopting more cashless facilities, say experts. The UAE is moving ever closer to becoming a cashless society, attendees at the Success 2020 Arabian Business forum were told. Multiple government initiatives in the UAE have led to a sharp increase in digital transactions. “There’s a lot of […]

Benefits of cashless payments outweigh alternatives

The Central Bank Nigeria (CBN) has revisited the cashless policy it floated about seven years ago, but this time, with a resolve to ensure compliance with the imposition of subtle charges for die-hard cash transaction apologists, reports, SIMEON EBULU. It’s almost four weeks now that the Central Bank of Nigeria (CBN) rolled its sleeves to […]