“Thanks to mobile payments, it is entirely possible that we will see a major country such as China become a predominantly cashless society in five years’ time, if not sooner.”

Source: BBC Technology News

Date: November 21, 2017

Link: http://www.bbc.co.uk/news/resources/idt-sh/The_disruptors_money_changing

Discussion

1) What would it mean in your country to have it operate completely cashlessly?

2) Friction-free transactions are the dream of many marketers.  What are some issues around this?