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.