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Cashless payments eliminate several risks, including counterfeit money (though stolen cards are still a risk), theft of cash by employees, miscounting of change, and burglary or robbery of cash. [21]
The coronavirus pandemic has led to a major shift in how people pay for things, with many opting to use cards and other contactless payment options instead of cash as a way to reduce contact with ...
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The cashless society has been predicted for more than forty years, [26] but cash remains the most widely used payment instrument in the world and on all continents. [27]: 14 In 17 out of 24 studied countries, cash represents more than 50% of all payment transactions, with Austria at 85%, Germany at 80%, France at 68%. The United Kingdom at 42% ...
According to the British sociologist Anthony Giddens, a risk society is "a society increasingly preoccupied with the future (and also with safety), which generates the notion of risk", [3] whilst the German sociologist Ulrich Beck defines it as "a systematic way of dealing with hazards and insecurities induced and introduced by modernisation itself".
The coronavirus pandemic has led to a major shift in how people pay for things, with many opting to use cards and other contactless payment options.
Cash-less Nigeria is a policy established in the year 2012 by the Central Bank of Nigeria to curb excesses in the handling of cash in the Nigerian federation. It prescribed a cash handling charges on daily withdrawal above five hundred thousand Naira (N500,000.00) for individuals and three million Naira for corporate bodies (N3, 000,000.00).
John Littlejohn remembers the days when lots of people had a couple of dollars to spare to buy a copy of Street Sense, the local paper that covers issues related to the homeless and employs ...