Ecommerce companies like Amazon are taking over the world of retail, winning customers by being convenient, efficient and global. Industry giants such as Apple and PayPal have partnered up with ecommerce sites to provide secure payment services, all of which can be processed with the click of a few buttons. Now, people can shop for an outfit or order a meal without leaving their home.
In many areas of our lives, what was fiction is now fact, so is a cashless society really so crazy? We tend to favour convenience, and with advanced payment technologies such as PayWave, Smart Pay and chipping, buying a cup of coffee has never been easier. Cash is easier to lose, harder to manage and is often annoying to carry around. This has led to the rise in popularity for any payment method that doesn't involve tactile notes and coins. But despite the hassle, is cash really becoming irrelevant?