cashless
Paying by card
Cashless describes transactions or systems that don't involve physical currency—paper bills or coins.
A cashless payment uses credit cards, debit cards, or digital transfers instead: The festival is completely cashless.
A cashless society would eliminate physical money entirely, conducting all commerce electronically.
Electronic payment storage system
Close-proximity communication protocol
- RFIDWireless identification via electromagnetic fields
- tap-to-payChip-proximity checkout method
- contactlessRequiring no physical touch
- chipSmall broken-off piece
PIN · biometric · fingerprint · tokenization · encryption · terminal · POS · reader
Without bank accounts
- underbankedLacking full financial services
- fintechTech-driven monetary services
- paperlessUsing no printed materials
- frictionlessHaving no resistance
interchange · Visa · Mastercard · remittance · cross-border
Peer-to-peer electronic cash
- EthereumProgrammable blockchain network
- blockchainCryptographic linked transaction record
- decentralizedLacking single authority
- altcoinAlternative digital currency
stablecoin · DeFi · mining · ledger · token · exchange · Coinbase · peer-to-peer
Scandinavian country, capital Stockholm
- ChinaEast Asian superpower
- SingaporeSoutheast Asian city-state
- demonetizationWithdrawing currency's legal status
- IndiaSouth Asian republic
policy · regulation · surveillance · adoption
e-wallet
Electronic payment storage system
NFC
Close-proximity communication protocol
- RFIDWireless identification via electromagnetic fields
- tap-to-payChip-proximity checkout method
- contactlessRequiring no physical touch
chip · PIN · biometric · fingerprint · tokenization · encryption · terminal · POS · reader · scanner
unbanked
Without bank accounts
- underbankedLacking full financial services
- fintechTech-driven monetary services
- paperlessUsing no printed materials
frictionless · interchange · Visa · Mastercard · remittance · cross-border
Bitcoin
Peer-to-peer electronic cash
- EthereumProgrammable blockchain network
- blockchainCryptographic linked transaction record
- decentralizedLacking single authority
altcoin · stablecoin · DeFi · mining · ledger · token · exchange · Coinbase · peer-to-peer · cryptography
Sweden
Scandinavian country, capital Stockholm
- ChinaEast Asian superpower
- SingaporeSoutheast Asian city-state
- demonetizationWithdrawing currency's legal status
India · policy · regulation · surveillance · adoption
- Digital Paymentsonline payment, e-payment, mobile payment, contactless payment, digital wallet
cashlesscash
Ready spending funds
coin-operated · paper money · hard currency · banknotes · coins
- cashless societySystem using only electronic payments
- cashless paymentTransaction without physical money
- cashless transactionExchange without paper money