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Countries That Have Almost Gone Cashless
These are the nations that have almost gone cashless; and they are doing absolutely fine. Read on to know more!
Cash is still a king, and with demonetisation, the world turns upside down. While much has changed about how we make, sell, and buy goods, cash has been a medium.
ALso Read: List Of Countries That Have Tried Demonetisation
It's been nearly 300 years that paper money has become a legal tender. However, can you imagine that there are nations that have gone cashless?
Here, in this article, we are about to share the list of countries that have almost gone cashless.
The cost of handling liquid cash is high. It is in the interest of the governments or banks and even businesses to push for the change towards being cashless.
Also Read: Why Indian Currency Has Gandhiji's Picture?
Hence, check out the list of the countries that are really making a move toward becoming cashless. A great move indeed!
Sweden
Cash
transactions
are
down
to
just
three
per
cent
of
the
national
economy.
It
is
the
closest
developed
country
to
achieving
a
cashless
society.
There's
a
card
reader
for
everything,
even
for
donations!
Somaliland
Though
this
nation
is
one
of
the
poorest
countries
of
Africa,
it
is
moving
ahead
to
be
a
cashless
country.
Cash
here
is
disappearing,
and
there
is
no
need
for
credit
cards.
How
cool
is
it
that
even
the
street
vendors
accept
payments
by
mobile
phones!
Kenya
The
biggest
African
user
of
mobile
money
is
Kenya.
Online
banking
wallets
play
a
major
role
in
this
nation.
From
receiving
salaries,
to
paying
bills
or
even
school
fees,
the
liquid
cash
is
slowly
disappearing.
Canada
Canadian
currency
is
no
longer
being
printed.
This
is
due
to
a
decrease
in
demand
for
new
bills.
Apart
from
this,
the
other
reason
is
that
the
plastic
bills
have
a
longer
life
expectancy!
Belgium
Belgium
is
one
of
the
most
advanced
countries
in
the
cashless
world.
The
citizens
of
this
nation
use
digital
payment
wallets.
An
interesting
fact
about
this
nation
is
that
the
government
has
imposed
a
limit
on
cash
payments,
limiting
it
to
3000
euros
only!
France
France
has
been
actively
focused
on
payments
innovation
and
going
cashless.
It
has
been
working
on
getting
new
solutions
to
the
markets
with
proposals
like
mobile
payments
or
contactless
cards.
United
Kingdom
Though
there
are
a
few
locations
in
the
UK
where
cash
is
the
only
means
of
payment,
this
nation
is
steadily
moving
ahead
in
the
direction
of
going
cashless.
About
two-thirds
of
the
UK
population
is
aware
of
mobile
payments,
which
is
making
the
goal
easier
of
going
cashless!
With so many nations going cashless, we wonder when India would join this league too!
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