The Cashless Journey
Over the past few years there has been a surge of people using some form of digital or “cashless” payment for everyday needs – from buying groceries at Whole Foods to purchasing their “must-need” items from Amazon.com.
Cashless is all around us. With credit card terminals allowing shoppers to use more than a debit or credit card to complete their transactions, the emergence of Apple Pay and Samsung Pay as “cashless” transaction systems are here to stay. In fact, a recent study on shopping trends noted that the typical American uses some form of cashless payment 4,000 times year on average. This includes online transactions, in-store transactions, mobile transactions and person-to-person cashless transactions.
Need a ride?
Uber is one of the pioneers when it comes to the adoption of the “cashless” payment system. Uber took it a step further by allowing the “rider” to pay for their pickup via the Uber app, making the payment process simple and safe for the “rider” by not being hindered due to a lack of cash on-hand to utilize Uber’s services.
Is there an app for that?
There are countless “person-to-person” cashless payment apps out there today. I’m sure you have used PayPal a time or two, but they aren’t the only option anymore. Companies like PayPal, Square Cash or Venmo are quickly becoming a great alternative to cash and check writing when it comes to paying a friend or stranger for goods or services.