We asked McGuinness to share his expertise on the benefits and shortcomings of this growing interconnection of remote financial practices as commerce moves into a cashless economy. E-Commerce Times: ...

Nowadays, mobile payments are changing the way people conduct financial transactions. While developed nations have already embraced cashless economies, mobile payments in developing economies are on ...

The U.S. Treasury is ending penny production due to high costs and low usage, sparking debate over its financial benefits and cultural impact.

The RBI and the government have been pushing for ‘cashless’ economy aggressively. The central bank’s assessment is that NPCI alone cannot manage the big shift. Adding up to a total of over ...

Governments are very interested in the cashless society as well. Non-cash transactions are registered in banks, so a government can receive data on the economic habits of society. The data can be ...

Moreover, Bitcoin’s role in a cashless society extends beyond just financial transactions. It can also serve as a hedge against inflation and economic instability.

Many developed nations have successfully transitioned to a predominantly cashless economy, making corruption more difficult and financial tracking more efficient. Sweden, for instance, is leading ...

Economy ministry figures show that cashless payments accounted for 36 percent of all expenditures made in Japan last year. Credit card payments, at 93.8 trillion yen, accounted for the highest ...