In a new global report, “The Cashless Journey,” MasterCard Advisors tracked how 33 major economies are progressing from cash-based to cashless societies. The report identifies new technologies, government programs and consumer preferences as key factors that are driving this shift, creating more productive and inclusive economies.
Cash still accounts for 85% of global consumer transactions and while moving into a cashless future increases safety for consumers and businesses along with streamlining the checkout process for most retailers, a cash dependent may also be an indicator of economic problems.
Download the Cashless Journey White Paper here.
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