Cashless Economy
"This shift to all-digital upends the foundation of our economy and creates unintended consequences for consumers." Frank Sorrentino, CEO of ConnectOne Bank One of Asia’s Largest Cryptocurrency Exchange Hacked What Really Lies Behind Sweden's Cashless Crusade A New Bill in Washington D.C. Would Bar Local Restaurants From Refusing Cash Going Cashless Can Be Dangerous, Malaysian President of the Consumers Association Warns In Germany, the cashless economy raises concerns about trust and privacy Sweden’s central bank governor calls for public control over its payment system Cashless society: from Sweden to India, some might get left behind A growing risk of banking disaster in a cashless economy Sweden: citizen rebelling against a cashless economy
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Australia is not running towards cashless economy





Australia is not running towards cashless economy

Over the last few years, thousands of Swedes have had a biometric microchip implanted into their hands so they do not have to carry keycards, IDs or even train tickets.

It is another step in the move towards a completely cashless society which we have probably been heading towards since Frank McNamara, of Diners Club fame, introduced the first credit card back in 1950. Then again, US archaeologist Jonathan Mark Kenoyer says ancient civilisations in the Indus Valley used clay tablets in much the same way as credit cards over 5000 years ago.

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Go Further

Canadians are not that crazy about cashless - 01/20/2020

Will cash be soon illegal in Australia? - 01/15/2020

Cashless or not, Malaysia wants to give the choice to everyone - 01/13/2020

Japan economy is gloomy besides the cashless promise - 01/10/2020

Indian companies fined for not using digital payment - 01/04/2020

The hidden fight to get cash in Sweden - 01/01/2020

When the interruption of Intenet makes you cashless - 12/27/2019

When US lawmakers understand the dark side of cashless economy - 12/18/2019

India faces threats of a cashless economy - 12/16/2019

Nigeria going cashless: small and medium companies in trouble - 12/14/2019

Cashless trains will leave you thirsty and hungry - 12/09/2019

Cashless society : parents are allowably worried - 12/06/2019

Japan new desperate try to restore its economy - 12/04/2019

The downside of a cashless China - 11/29/2019

China's path to cashless society: more restrictions for all - 11/20/2019

A cashless economy would put India at risk - 11/18/2019

Going cashless, Japan economy is facing big challenges - 11/16/2019

Is cashless economy going too far in China? - 11/14/2019

Cashless India: three years from note-bandi, is demonetisation a failure? - 11/12/2019

In Japan elderly aren't so keen to go cashless - 11/08/2019

Cashless economy in Rwanda: Is Mobile Money too expensive? - 11/06/2019

In the US, cash is more popular than ever - 10/23/2019

Cashless society: lessons from Sweden - 10/16/2019

India: here is what happens when a society goes temporarily cashless - 10/11/2019

Going digital-only is not a win-win solution - 10/08/2019

Malaysia: Customers are paying the price for cashless transactions - 09/27/2019

Asia’s cashless society will only benefit governments - 09/26/2019

What is the true cost of going cashless ? - 09/24/2019

In the move towards cashless, UK consumers are worried about going cardless - 09/18/2019

In high-tech Japan, cash remains king - 08/22/2019

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Banking Security

Cashless economy questions our security systems

India faces threats of a cashless economy

The Dangers of a Cashless Economy

Asia’s cashless society will only benefit governments

Have your say

Who would be in control of the currency in a cashless society?

Who would be in control of the currency in a cashless society?
In many ways, recovery from the crisis has become possible due to prudent policies of central banks and states, which included instruments such as adjusting base interest rates and quantitative easing. However, the key role here was played by the very possibility of control over the system. In the...

Why a cashless economy is simply the privatization of digital payments

Why a cashless economy is simply the privatization of digital payments
The share of digital payments is steadily growing. Capgemini and BNP Paribas expect people around the world to make 726 billion transactions using digital payment technologies by 2020. "Non-cash payments have increased in volume due to the rise in adoption of digital payment services across all...

What is the social utility of cash ?

What is the social utility of cash ?
Some say a man is only worth the sum of his possessions; should we produce bank statements, instead of identification, when stopped by the police? But what if the money in our pockets were more than just a financial instrument used to acquire goods? What if banknotes were the first societal link...
Academic Research

Ecology: The Carbon Footprint of the New Means of Payment

Children, education and the ethical issue in a cashless society

John Howland Cochrane, economist and professor at Berkeley: "The ability to transact with anonymity and privacy has been a central freedom for hundreds of years."

The cashless society from an ethical point of view

The debate about the move towards a cashless society has been at the center of the scene for several years, now. Various angles have been taken by economists, politicians, banking institutions and sociologists. Beyond the technicalities of the debate, lies the question of freedom, of inter-citizen solidarity and of governmental responsibility. The debate cannot remain in the hands of financial specialists, it is first and foremost an ethical, political and societal issue.

The cashless society from an ethical point of view

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The debate

Cashless: the necessary debate

Cashless: the necessary debate
Discussions surrounding the nature of the ongoing trend, in which our economies are slowly getting...

How elderly are pushed aside by cashless economy

How elderly are pushed aside by cashless economy
KUANTAN: Cash payments over the counter at government agencies should not be scrapped to avoid...

Tesco customers really don't like cashless

Tesco customers really don't like cashless
Shoppers are reportedly disappointed that British supermarket Tesco  won’t take cash...

The effects of a system crash in a cashless world

The effects of a system crash in a cashless world
The new year got off to a bad start for millions of Lloyds, Halifax and Bank of Scotland customers,...

Don't look for a better world with a cashless society

Don't look for a better world with a cashless society
For the past few years, Anna has been living on the streets of Stockholm. As one of the roughly...

Big Brother loves cashless economy

Big Brother loves cashless economy
A Dec. 12 letter  by Prof. Ira Sohn responding to Prof. Alan Blinder’s Dec....

Cashless economy questions our security systems

Cashless economy questions our security systems
Advancement in technology has made all of us dependent on the internet and just like every coin has...

The dangers behind a cashless economy

The dangers behind a cashless economy
As the country continues its inexorable march towards becoming a cashless society, it’s important...

Cashless makes you spend more

Cashless makes you spend more
Many countries have already started to shun physical money – and the UK and USA are already lagging...

ECB defends cash over digital payment

ECB defends cash over digital payment
The European Central Bank defended the continued use of cash, despite society’s shift toward...
The website "Cashless Economy" (cashless-economy.com) is edited by individuals and civil society groups fully committed to defending privacy and civil liberties against abuse and the risks inherent in a cashless society.
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