cashless society

No physical currency

A cashless society is one where financial transactions occur entirely through digital means—credit cards, mobile payments, bank transfers—rather than physical currency.

The concept appears in discussions of economic policy, technological progress, and privacy concerns: Sweden is moving toward a cashless society.

Critics worry about excluding those without bank access and enabling surveillance of spending.

Related

wallet · mobile banking · cryptocurrency · plastic · card · swipe · tap · transaction · banking · fintech · Apple Pay · Venmo · QR code · credit card · paperless · blockchain · currency · electronic

Categories
Opposites
payment medium

cashless societycash economy

Commerce using physical currency

economic modernization

cashless societybarter economy

Trade without money

barter system · subsistence economy · gift economy · agrarian economy

transaction traceability

cashless societyunderground economy

Unreported commercial activity

shadow economy · grey market

Family

cash, cashes, cashed, cashing, cashier, cashiers, social, socially, societal

Familiarity
Top 200,000
Profile
Used worldwide · Abstract · Everyday, not technical · Rated G