USA Today Probes Cashless Movement As Trend To Watch In 2020

Posted On: 1/8/2020

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A recent article in USA Today examines the extreme to which which the new decade will mark the dawn of a cashless society, as cash remains king to many consumers. It’s another reminder to vending and micromarket operators amid the cashless and mobile payment migration of the value in continuing to accept whatever form of payment customers have in their pockets.

While retailers have pushed to eliminate cash to speed transaction speed and reduce the risk of theft, the article cites experts who say a complete move to cashless payment remains unlikely. But whether there will be an increase in where consumers are prevented from using cash will be a movement to watch in 2020, according to the article.

Meanwhile, several cities and states, including New Jersey and San Francisco, have passed or are considering laws that require businesses to accept cash to serve consumers who don't have a bank account or credit card.

And, the USA Today article pointed out, Amazon launched PayCode in September in the U.S. to enable shoppers to purchase products online and pay with cash at a Western Union, adding another option along with Amazon Cash, a service it began in 2017, allows shoppers to go to convenience stores and other locations to add $5 to $500 in cash to a balance that can be tapped to make online purchases.

Click here to read the article.