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

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61–70 of 162 posts

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

#61
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.

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

#62

The US Army Corps of Engineers no longer accepts cash for campsites they manage. The US Government no longer accepts its own currency. That's where we are in the USA at least.

Not accepting cash should be illegal everywhere across the world. What if your battery dies?

Or what if you don’t have a bank account?

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

#63
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 consider myself a very security-oriented person, but you have to draw the line somewhere, and I find myself trusting my financial institution for better or for worse. They already have my SSN, they already have my large purchase history and loans and card history via credit reporting agencies, which you CAN'T opt-out of; there's very little else they can't also find out if they really wanted to. At some point you just have to throw in the towel.

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

#66

The US Army Corps of Engineers no longer accepts cash for campsites they manage. The US Government no longer accepts its own currency. That's where we are in the USA at least.

Not accepting cash should be illegal everywhere across the world. What if your battery dies?

Your credit/debit cards use batteries?

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

#68

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…

>> smartphones are necessary to pay via UPI

No.

[1] UPI money transfer without Internet or smartphone; know how to do it - https://www.businesstoday.in/industry/banks/story/upi-money-...

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

#69

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.

I would normally agree but people who make coffee are my favorites, soo.. But yes, tipping is getting out of hand here.

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

#70
Almost 100%. I don't remember the last time I withdrew cash.

In Brazil, pix (the central bank digital payment system) is already bigger than any other payment method, removing a big revenue stream from Visa and Mastercard. The cultural changes happening because of the easiness and cheapness of these transactions are amazing. I'm very optimistic for the next few years of tech development with the advances happening in the fintech market here.

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