#29: Paying in Cash
Amidst a technology surge and evolving consumer habits, digital payments are becoming the norm, sidelining cash. Services like PayPal, Apple Pay, and Google Pay are at the forefront of this financial evolution. Millennials, in particular, are leading the charge, favoring the convenience and security offered by electronic methods over traditional cash – which, apart from being easily lost, occupies more physical space.
Digital transactions are not only convenient but safer, too. Unauthorized card payments can be disputed and even refunded, with certain apps offering the flexibility to transfer charges between credit cards post-purchase. This digital shift also promises to combat financial crimes like money laundering. While digital currency represents the future, a traditional cash bundle might still stump the tech-savvy millennials.