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Ask HN: To what extent have digital payments replaced cash in your country?

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Re: Ask HN: To what extent have digital payments replaced cash in your country?

#151

Post by jojobas »

chironjit wrote: post #61
jojobas wrote: post #24

Australia: almost all cashless. You only get some cash when you buy a used car, pay a tutor or something else like that. The govt endgame seems to be forcing most of the cash out of circulation, a ban on cash purchases of more that $10000 (with some exceptions) is already in place. https://treasury.gov.au/sites/default/files/2019-10/28454_fa...

The pandemic did a real switch. I remember being able to go weeks cashless back before it, but today I don't even carry my wallet out with me.

My observations were the opposite, everyone went germaphobic during the pandemic and the last holdouts switched to cards, or worse yet, phones.

Re: Ask HN: To what extent have digital payments replaced cash in your country?

#152

Post by sph »

colesantiago wrote: post #40

It's half and half here in the Lithuania where I live, i'm just glad that I don't see crypto anywhere.

You never miss any occasion to whine about crypto on this forum, huh?

Sounds like you have an axe to grind. Lost serious money?

Re: Ask HN: To what extent have digital payments replaced cash in your country?

#153

Post by stickfigure »

TekMol wrote: post #20
yoz-y wrote: post #18

Earlier quoted context omitted.

For me, the answer is no, I don't care about this at all.

Would you also not care if that dataset gets leaked to the internet some day?

The data isn't very granular. $218.76 spent at Amazon could be almost anything (or anythings). Honestly, I look at my credit card statements and even I have trouble figuring out what I spent money on. The data just doesn't seem that interesting.

Re: Ask HN: To what extent have digital payments replaced cash in your country?

#154

Post by captn3m0 »

albert_e wrote: post #12
rishikeshs wrote: post #4

Here in India, UPI payments are quite popular. I live in New Delhi the capital and never withdraw cash in my day to day life. The only instance where I have to withdraw cash is when I have to pay rent as my landlord accepts only cash to evade taxes. Apart from these barring very few, at least in cities everything works on digital payments. Please note that card payments are not at all popular in India and UPI is the…

this is true for the affluent class. smartphones are necessary to pay via UPI smartphones--bank accounts--aadhaar card in case of some low income workers, smartphones are not universal in case of some migrant workers (including those that come from neighboring countries in search of jobs) .. aadhaar or bank account may not be immediately available while digital payments are definitely becoming common cash is still ac…

Minor clarification: UPI works fine without an Aadhaar.

(I don't have an Aadhaar, and it works fine across multiple banks)

Re: Ask HN: To what extent have digital payments replaced cash in your country?

#155

Post by fomine3 »

Despite notorious reputation about how they stuck with cash, I'm 95% fine with cashless payment in Japan 2023. I still need cash for some govt service like renewing license, boutique ramen shops, some small restaurants, coin parkings, and cheap hair salon. Though there are many people still use cash for unknown reason.

Re: Ask HN: To what extent have digital payments replaced cash in your country?

#156

Post by captn3m0 »

rishikeshs wrote: post #124
davelondon wrote: post #16

Earlier quoted context omitted.

India is really frustrating for tourists right now... I was there earlier this year, and there were several things I just couldn't do without UPI... Some restaurants just didn't accept cash so I couldn't eat there... Bus tickets had to be booked online with UPI... I think they're moving towards opening it up, but when I was there it was completely impossible for a foreigner to use UPI.

Now they have started an option for UPI for tourists!

Caveat - only available to tourists from a G20 country, and they need to register while exiting at an airport. This doesn't work for our neighbouring countries - Bangladesh/Sri-Lanka/Nepal which have the highest number of visitors to India.

Re: Ask HN: To what extent have digital payments replaced cash in your country?

#158

Post by ecmascript »

theshrike79 wrote: post #143
ecmascript wrote: post #65

Sweden. Unfortunately many stores, shops and similar don't even accept cash. I would say most people don't even carry cash anymore. It's a shame, people just have accepted the modern surveillance society.

Or businesses have accepted the fact that an armed robber can't rob your cash register if it's just a NFC/Chip&Pin reader.

Wasn't really a problem in Sweden until they forced mass immigration on us.

Re: Ask HN: To what extent have digital payments replaced cash in your country?

#159

Post by albert_e »

captn3m0 wrote: post #154
albert_e wrote: post #12

Earlier quoted context omitted.

this is true for the affluent class. smartphones are necessary to pay via UPI smartphones--bank accounts--aadhaar card in case of some low income workers, smartphones are not universal in case of some migrant workers (including those that come from neighboring countries in search of jobs) .. aadhaar or bank account may not be immediately available while digital payments are definitely becoming common cash is still ac…

Minor clarification: UPI works fine without an Aadhaar. (I don't have an Aadhaar, and it works fine across multiple banks)

I am afraid that may not last long though?

Aren't all banks mandating Aadhaar based KYC and freezing accounts if there is no aadhaar? Atleast I know SBI did. And even PAN to Aadhaar linkage has also been made "mandatory"...even though the legality of the mandate is dubious, and there have been many deadline extensions.

Re: Ask HN: To what extent have digital payments replaced cash in your country?

#160

Post by captn3m0 »

albert_e wrote: post #159
captn3m0 wrote: post #154

Earlier quoted context omitted.

Minor clarification: UPI works fine without an Aadhaar. (I don't have an Aadhaar, and it works fine across multiple banks)

I am afraid that may not last long though? Aren't all banks mandating Aadhaar based KYC and freezing accounts if there is no aadhaar? Atleast I know SBI did. And even PAN to Aadhaar linkage has also been made "mandatory"...even though the legality of the mandate is dubious, and there have been many deadline extensions.

Have bank accounts across 5 different banks and no freezes so far.

The PAN Aadhaar linkage has caused some investment issues for me.

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