Living in a Cashless Society

submitted by Theresa Bernardo

techtalkafrica.com - by Niyi Aderibigbe - June 7, 2012

After decades of cash use, there has been a call from different quarters for an alternative means of transaction. With globalization advancement in technology, many models of cashless transactions have emerged. Use of debit and credit cards to pay for goods, electronic transfer of money through banks, internet banking, mobile money, etc. has become the order of the day. Contrary to the belief of some people that a cashless society might be a mirage, it has become a dream for many countries of the world which is gradually coming true.

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