With the decline in the use of cash across many developed-world countries, a fully cashless society seems inevitable. This begs the question – do we really want a cashless society?
In order to find out, Travelex surveyed the sentiment of consumers in countries at both ends of the cashless spectrum – the UK and Australia, where digital is more pervasive – as well as Brazil and South Africa, which are largely still cash-dependent. The results proved startling.
The report, “Do we really want a cashless society?” is essential reading for financial service providers looking to inform their approach to cash and digital payments.
In the Report
The following questions are addressed in the report:
- Is the death of cash imminent?
- Do people want to ditch cash?
- What drives consumers’ use of cash?
- How do consumers use cash?
- What this means for global citizens?
- Can people be persuaded to use less cash?
This post first appeared on the Travelex newsroom.