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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?

#41

Post by bad_alloc »

wheels wrote: post #13

Since nobody's chimed in here from Germany yet: Germany's broadly a hold-out. Particularly a lot of restaurants, bars and clubs are still cash-only, and some smaller shops definitely prefer cash. Used cars are, interestingly, almost always cash-only. Person to person transactions (i.e. buying something you pick up in person) are almost always cash. Open air markets (produce, flea markets) are always cash. Electronic…

Agreed, a hybrid system is nice. What bothers me are bakeries getting upset at you when trying to pay <10€ and you dare to attempt to use a card.

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

#42

Post by qart »

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…

> Please note that cash payments are not at all popular in India and UPI is the most common means of digital payment.

This is false. https://www.orfonline.org/research/indias-upi-market/ (article from last month, citing the latest figures available to it.) "While India has recorded a significant increase in digital transactions, cash is still the dominant payment mechanism, with cash usage accounting for 59.3 percent of transactions volume in 2021."

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

#43

Post by dottjt »

TekMol wrote: post #14

I'm surprised so many here seem to be fine with paying by credit card. Isn't it causing you an uncomfortable feeling, that one company gets all the data about every single thing you buy? And via this also everywhere you go and when you go there? So you are a 100% "see through" person to Apple, Google and/or Visa?

It doesn't bother me, no.

I think what I've realised (at least personally), is that we only have a short time to live on this planet, and if life can be made more convenient by offering up my data, allowing me to spend my time doing stuff I actually care about, then I'll do it.

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

#44

Post by zx8080 »

TekMol wrote: post #14

I'm surprised so many here seem to be fine with paying by credit card. Isn't it causing you an uncomfortable feeling, that one company gets all the data about every single thing you buy? And via this also everywhere you go and when you go there? So you are a 100% "see through" person to Apple, Google and/or Visa?

I've seen ads on using Visa and Mastercard for public transportation instead of special cards. Especially in Japan and Singapore. Not sure how two aspects are addressed: privacy and availability (in case of bank card txs do not work?).

Personally, I'll stick to using the special transport card or cash on public transportation as long as I can. I hate the idea of all my movements being sold to advertisers (or, actually, anyone paying some moneys).

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

#45

Post by nerdbert »

TekMol wrote: post #14

I'm surprised so many here seem to be fine with paying by credit card. Isn't it causing you an uncomfortable feeling, that one company gets all the data about every single thing you buy? And via this also everywhere you go and when you go there? So you are a 100% "see through" person to Apple, Google and/or Visa?

Somehow I have decided that being paid 2% by the credit card company is a fair exchange.

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

#46

Post by vbezhenar »

Kazakhstan. I think that today most people use our local bank app which does payments using QR code. Some people use bank cards and some people use cash.

Few years ago most people used cash, so this is recent development.

Of course cash is accepted everywhere, it makes me feel uneasy that somewhere in the world digital just replaced cash. Everyone must accept cash by law, at least in ordinary shops.

Bank cards are not accepted everywhere, but in big cities you can expect to pay with bank card in a majority of cases.

Local bank app is accepted almost everywhere, its adoption is tremendous last years. I've yet to find a place which does not accept it.

Big purchases (cars, houses) are mostly done with cash I think, though I don't have statistics. I, myself, don't trust banks with more than few hundreds of bucks. It's convenient to pay for milk with smartphone, but that's about it.

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

#47

Post by NotYourLawyer »

xen2xen1 wrote: post #27

I passed by a coffee shop this morning to go to another one in the US Midwest. The one that I passed takes your credit of debit card inside and does it "the regular way. I often forget to give a tip. The one I went to was newer, used square, made me tap or swipe, but I always give a tip since I'm asked and reminded. This seems to be the pattern, newer places tend to be better. Also in the American Midwest, Dollar Gen…

Begging for a tip isn’t better.

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

#49

Post by CalRobert »

xen2xen1 wrote: post #27

I passed by a coffee shop this morning to go to another one in the US Midwest. The one that I passed takes your credit of debit card inside and does it "the regular way. I often forget to give a tip. The one I went to was newer, used square, made me tap or swipe, but I always give a tip since I'm asked and reminded. This seems to be the pattern, newer places tend to be better. Also in the American Midwest, Dollar Gen…

The strong social pressure to tip is a good reason to use cash so I can avoid those dumb ipad POS systems. Not that I even mind tipping but the percentages have crept upwards a lot.

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

#50

Post by unsigner »

Eastern Europe. slowly transition to digital payments, with two trends working against that: - it seems payment fees for small merchants are such as they lose money on small purchases (e.g. 2-5 EUR). So some of them require or prefer cash. - the anti-vax / anti-5G / chemtrails / anti-Western conspiracy swamp which is slowly rising around us, part of Putin's hybrid war, has chosen cash as one of their banners (along with resisting adoption of the Euro)
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