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The decline of cash payment disrupts the French economy

2022-12-05T18:39:32.193Z

DECRYPTION - The rise of contactless transactions, including between individuals, is forcing small traders, banks and fund carriers to review their organization.



Coins and banknotes, species seem to be disappearing.

At work quietly for ten years, the revolution has in any case brutally accelerated in 2020. During the Covid-19 pandemic, the French have drastically reduced the use of cash to pay for their purchases.

At the time, it was a health measure to protect against the virus and the fear that it was transmitted via coins and banknotes.

Consumers have since maintained their habits and the decline of cash payment is accelerating.

This revolution in uses is upsetting the daily life, even the economic model, of the entire ecosystem that lived on cash, from small traders to fund carriers via banks...

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Gone are the days of looking for an ATM before shopping.

Now, it is with a free spirit and an empty wallet that we go to a trader.

Everything can be paid for with your credit card, including…

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Source: lefigaro

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