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In The News
   
 
 

 

In The News

 
May 16 - A cashless society and the five forms of mobile payment that will get us there

Article: Technology For A Global Monetary System
 

Visions of a cashless society started being portrayed from the 1950’s along with other aspects of a future waiting to be transformed by technology. That future has not yet arrived but it is now possible to exist without using cash on a daily basis. In fact, in a survey released this week, 25% of Australians claim not to use cash in a given month. In the US, 50% of Americans carry less than $20 in cash at any time.
 
Society’s move away from cash has been accelerating since the late 2000’s when contactless payments were introduced 
for transactions under $100. The convenience and speed of this type of payment has been a boon for cashless payment and the availability of “tap and pay” on mobile phones was set to drive this transition even faster.

Read Full Article ....  

 

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