The Biggest Reasons to Go Cashless in 2019
The use of cash when making payments is declining around the world. In the USA, for example, more than 190 billion worth of payments were through means other than cash, as of 2019. This is highlighted by a report by Statista, which includes governments, private sector companies, and other organizations that seek to accelerate the transition from effective payments to electronic transactions.
While the picture puts the United States as a country with a ‘light’ use of cash, when comparing the number of transactions and not the amounts of them, it is clear that there are many consumers who yet prefer to use the cash in their day to day purchases.
Cash does remain the most used payment instrument by the general public to carry out their transactions. This is so for various reasons, inclu...