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Mastercard Unveils Global report on the Progression of major economies becoming CASHLESS SOCIETIES

 
Uncle Fuck Stick
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09/29/2013 03:06 PM

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Mastercard Unveils Global report on the Progression of major economies becoming CASHLESS SOCIETIES
[link to www.finextra.com]

e report, produced by MasterCard Advisors, identifies new technologies, government programs and consumer preferences as key factors that are driving this shift, creating more productive and inclusive economies.

Key findings of MasterCard's "Cashless Journey" report:

The study focuses on the value of all consumer payments ($63 trillion in total spend), including those that happen beyond retail point-of-sale. In 2011, 34 percent ($21 trillion) of total global consumer spend was done with cash, with cashless payments accounting for 66 percent ($42 trillion).
The report identifies Belgium (where an estimated 93% of the value of consumer spend was cashless), France (92%), Canada (90%), the UK (89%), Sweden (89%), Australia (86%) and the Netherlands (85%) as countries where cashless payments are nearly ubiquitous, and attributes the broad movement away from cash to the uptake of new cashless payment technologies such as mobile, contactless and EMV Chip and a modern payments infrastructure.
Countries such as the United States (where an estimated 80% of the value of consumer spend was cashless) and Singapore (69%) are approaching the "tipping point" to becoming nearly cashless, and remaining cash use is largely a product of consumer habit. Conversely, emerging economies such as Indonesia (31%), Russia (31%) and Egypt (7%) are just embarking on their cashless journey, but are in many cases changing cash share of payments at a much faster pace than developed nations.
Having relatively recently put all the elements of a modern consumer payments infrastructure in place, countries such as Brazil (57%), Poland (41%) and South Africa (43%) are now in a transitioning stage, and are quickly shifting share away from cash.
The most rapid recent shift away from cash was observed in China, where cash share of the value of consumer payments is estimated to have declined by as much as 20 percent between 2006 and 2011. China (where an estimated 55% of the value of co the valu

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Uncle Fuck Stick (OP)
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10/07/2013 07:10 AM

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Re: Mastercard Unveils Global report on the Progression of major economies becoming CASHLESS SOCIETIES
bump
Anonymous Coward
User ID: 33975641
United States
10/07/2013 07:30 AM
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Re: Mastercard Unveils Global report on the Progression of major economies becoming CASHLESS SOCIETIES
Really don't like this at all, not necessarily because I like carrying cash around or think digital is Satanic or anything, but this is basically just a mousetrap to lock you into fees. Everyone is already programmed to accept shitty interest rates on their savings accounts and ATM fees when they don't use an affiliated ATM [as well as fraud protection fees, overdraft protection fees, whatever else]. Pretty soon you will be charged just to keep your money in the bank period.

And it doesn't do anything to stop "counterfeiting", it just makes it infinitely easier for the big timers to scam. They just print whatever the fuck the want to anyway.
Anonymous Coward
User ID: 48008080
Turkey
10/07/2013 07:42 AM
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Re: Mastercard Unveils Global report on the Progression of major economies becoming CASHLESS SOCIETIES
Really don't like this at all, not necessarily because I like carrying cash around or think digital is Satanic or anything, but this is basically just a mousetrap to lock you into fees. Everyone is already programmed to accept shitty interest rates on their savings accounts and ATM fees when they don't use an affiliated ATM [as well as fraud protection fees, overdraft protection fees, whatever else]. Pretty soon you will be charged just to keep your money in the bank period.

And it doesn't do anything to stop "counterfeiting", it just makes it infinitely easier for the big timers to scam. They just print whatever the fuck the want to anyway.
 Quoting: Anonymous Coward 33975641


Its all made for tracking what you buy and where you are and what you are into. It also makes them tax you automatically. So it`s a win win situation for Government and Banksters as always there have been.

These faggots make me sick...
Anonymous Coward
User ID: 43901661
Netherlands
10/07/2013 07:47 AM
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Re: Mastercard Unveils Global report on the Progression of major economies becoming CASHLESS SOCIETIES
Really don't like this at all, not necessarily because I like carrying cash around or think digital is Satanic or anything, but this is basically just a mousetrap to lock you into fees. Everyone is already programmed to accept shitty interest rates on their savings accounts and ATM fees when they don't use an affiliated ATM [as well as fraud protection fees, overdraft protection fees, whatever else]. Pretty soon you will be charged just to keep your money in the bank period.

And it doesn't do anything to stop "counterfeiting", it just makes it infinitely easier for the big timers to scam. They just print whatever the fuck the want to anyway.
 Quoting: Anonymous Coward 33975641


Its all made for tracking what you buy and where you are and what you are into. It also makes them tax you automatically. So it`s a win win situation for Government and Banksters as always there have been.

These faggots make me sick...
 Quoting: Anonymous Coward 48008080


and so they can have better ads, so you buy more.

consume,consume, obey!

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