Cashless payments can “potentially reduce” coronavirus spread
The rise of cashless payments has become crucial to our everyday lives – but now more than ever. Public health experts are stressing the need to shift towards a completely cashless society as a means of preventing the coronavirus outbreak from spreading further, as the World Health Organisation (WHO) warns that the virus can be […]
Tesco opens second cashless store in UK
Tesco has just opened its first cashless store in central London, following the trend that other retailers picked up. Consumers will have the option to either pay digitally or use self-service tills at the store. However, the store emphasised that cash payments are not accepted. Additionally, two of the till points are staffed due to […]
UK to be “virtually cashless” in 10 years
The use of cash in the UK has fallen far more than expected over the past 12 months, according to the Access to Cash Review. Last March it had said it forecasts Britain to be “virtually cashless” by the year 2035. One quarter of all ATMs now include an extra charge to customers to make […]
Cashless parking meters trialled in NZ
New Zealand will be introducing cashless parking meters in central Wellington. Next week, ten cashless parking meters will start being trialled for the coming give months. This new instalment will be followed by the removal of the other method of payment; the Txt-a-Park payment application. The trial will run for five months, starting on the […]
Malaysia launches e-wallet incentive, targets cashless society
As Malaysia progresses towards becoming a cashless society, the government has now launched in incentive under its e-Tunai Rakyat (people’s e-cash) program. According to official reports published on Friday January 17, the government is offering a payment reward of RM30 (roughly $7.37) under this program. The aim of the inventive is to increase the number […]
Gunners’ Emirates Stadium goes cashless
One of England’s top football clubs has announced that its stadium will be going completely cashless as of March 1, 2020. In a bid to enhance the matchday experience for its fans, as well as the overall efficiency at the 60,000-seater Emirates Stadium, Arsenal has chosen to equip all bars, restaurants, kiosks, programme sellers and […]
40% of Japanese consumers go cashless more often
Roughly 40% of Japanese consumers have started to use cashless payments more often, after the government rolled out a point-reward system for the promotion of cashless transactions. The data was published in an industry ministry survey on Friday. The survey about the success of the point-reward program, which was introduced in October in order to […]
2020: Will the new decade reel in the end of cash?
As cashless payments continue to dominate most financial transactions across the globe, the new decade may bring in new methods of payment in the United States. The number of cashless payment options available is endless; with digital wallets, wearables, and mobile pay apps all gaining popularity across the US. The number of Americans using cash […]
Contactless almost as popular as cash in Canada
Contactless payments soared to 4.1 billion in Canada in 2018, surging 97.2% compared to 2016, according to a report from Payments Canada. The northern American country also witnessed almost $129.9 billion in contactless transaction value in 2018, recording a 93.5% increase from its value two years prior. Contactless payments have seen a sudden […]
Cashless payments on the rise in Japan
Cashless payments in Japan are on the rise following the implementation of government subsidy schemes being taken up quicker than expected. The subsidy schemes were designed in order to promote and encourage the public to make more cashless payments when shopping. Shoppers receive points amounting up to 5% for transactions paid for in a cashless […]