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Will Cash mean anything to new Generations in Gulf Countries?





the wider Gulf countries growing quickly, how close are we to a fully cashless society?

Customers have discovered the wonder and ease in using modern payment cashless methods and can order an Uber, a cup of coffee or food using a card or phone, making coins and notes almost unnecessary.

Some continue to visit the ATM for cash withdrawals, especially in rural areas where cash is still preferred, but this is becoming a less common practice. Most utility bills are also paid automatically through direct debits, or a with credit card.

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The War Against Cash - 06/10/2021

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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.










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