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Contactless payments are weeding out cash

Contactless payments are weeding out cash
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A lot of us believe cash is faster, easy to handle and convenient. Digital solutions could never replace the simplicity and ease of using cash, or could they? Sample this: it takes about 30 seconds to complete an across-the-counter cash payment; including the time taken to pull out the currency from your wallet, look for change and ensure the money is safely tucked in. It takes about three seconds to conduct the same using a contactless card; including the time to pull out your wallet which contains your contactless card, tap against the terminal and tuck it back in.

Read the full story at http://www.thehindu.com/business/Economy/contactless-payments-are-weeding-out-cash/article21254892.ece

SOURCE: The Hindu

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