JohnDe
La dolce vita
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This is commonsense explanation: "Choice is key. Everyone has the right to spend and bank on their own terms."
Despite the rapid development of convenient, seamless digital payment methods, the 100 per cent cashless society remains a distant prospect.
Cash is a trusted, reliable and essentially secure way to spend, and still adds up when it comes to straightforward everyday budgeting.
Rather than cashless becoming the only option, it is perhaps more likely that we’ll see a convergence between ATM driven cash use and mobile payments — a balance between the digital and the physical that provides freedom of choice.
Cash matters to people on lower incomes and also the older age group, so it’s important to ensure that they’re not locked out by a no-compromise cashless economy.
Choice is key. Everyone has the right to spend and bank on their own terms. If that means facial recognition, apps and biometric authentication then the technology is ready. But cash-preferred customers who seek physical interaction matter too.