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Cashless Adoption Growing In Europe

dkatana writes: Many European cities are moving toward a cashless economy. Some public services are not accepting cash anymore, such as parking meters, buses and transit, and city offices. (If you plan to visit Europe make sure your credit card has a chip, or you won't be able to use self-service machines.) Contactless cards, which allow people to pay easily for small transactions, are also gaining popularity. According to Finextra, a leading financial news service, "contactless is the new normal in Europe, with more than a billion tap-and-go purchases worth €12.6 billion on Visa cards in the last 12 months." In some places, cashless options are being pushed by mistrust of the banking system. At the same time, places like Germany are dead set on keeping cash as the preferred method of payment.

6 of 294 comments (clear)

  1. You shouldn't have to pay to adopt a kid by gurps_npc · · Score: 5, Funny

    Just saying.... :D

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    excitingthingstodo.blogspot.com
    1. Re:You shouldn't have to pay to adopt a kid by Adriax · · Score: 3, Funny

      2 dogs for an orphan? Hell of a deal there, as the last time I was in a pet store the cheapest dogs were in the triple digit dollar range.

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      I don't suffer from insanity, I enjoy every minute of it!
    2. Re:You shouldn't have to pay to adopt a kid by GNious · · Score: 3, Funny

      They should give the dogs away for free, and then bilk you on the service&maintenance contract.

  2. Re:Don't worry by Anonymous Coward · · Score: 3, Funny

    Why would the lights go out or the servers go down? I would think as technology advances, these types of incidents would become fewer and farther between - eventually not happening at all.

  3. A big place, a wide range by petes_PoV · · Score: 4, Funny
    Never make the mistake of thinking of "Europe" as a single entity. It isn't.

    While it's true that in London the buses no longer take cash (you'll need an Oyster card) that's not the case everywhere - not even everywhere in England. But in many parts of most European countries (yes, Europe isn't even a single country) cash is very much king and it's wrong to assume that a credit card will be universally accepted. Many restaurants outside of cities in lots of countries won't take plastic. So it's wise to have enough cash to cover a transaction, even if you do expect to pay with a card.

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    politicians are like babies' nappies: they should both be changed regularly and for the same reasons
  4. Re:Don't worry by NotDrWho · · Score: 5, Funny

    Cash isn't going anywhere.

    Nonsense, I hear Greece has already adopted the cashless system in full.

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    SJW's don't eliminate discrimination. They just expropriate it for themselves.