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9 Countries with the Best Digital Payment and Money Systems

Various methods of payment other than physical money such as digital money or e-wallet as well as e-money is now increasingly popular. In a world that is practical and versatile, this modern, society prefers to use the cashless payment method or without money.


Many developed countries already running system of digital money. Here are 9 countries with digital payment system or the best digital money:

1. United States

Electronic payments has become increasingly popular in recent years with the launch of Apple's "Wallet", namely electronic clock can pay by "cashless" along with Microsoft and other technology companies.

American Express CEO Ken Chennault said that will be more and more peopling in America who is "cashless" and only carry the cards. Even the ATM could be extinct in the next few years. The share of non-cash payments, the total value of payments by consumers: 80%. Percentage of population with a debit card: 72%.f

2. Canada

Starting from the beginning of 2013, Canada stopped distributing coins that could save the country's expenditure of 11 million Canadian dollars per year. 90% of the Canadian population chooses to make non-cash transactions and 70% of these payments are made using a credit card.

A survey conducted by PayPal Canada proves that 56% of the population in Canada chooses to use the online wallet or money on digital use of physical cash. The share of non-cash payments, the total value of payments by consumers: 90%. Percentage of population with a debit card: 88%.

3. United Kingdom

City buses in the UK have stopped accepting physical money as payment. Only 1% of Londoners used money in 2014 compared to 25% in 2000. Non-cash payments are expected to replace cash payments from consumers in the next few years.

The share of non-cash payments, the total value of payments by consumers: 89%. Percentage of population with a debit card: 88%.

4. France

France has begun to follow the trend of "cashless society" by not allowing transactions of more than 3000 Euros. The populations of *dults who have 79% have a bank account. The French government has also presented a mobile payment solution, non-cash card and m-Pos to support the transaction needs of French citizens.

The share of non-cash payments, the total value of payments by consumers: 92%. Percentage of population with a debit card: 69%.

5. Belgium

Like France, Belgium has also paid cash payments of up to 3,000 Euros and those who violate this will be fined up to 225,000 Euros. 93% of the population has run cashless transactions or non-cash transactions in Belgium with 86% of the population having a debit card.

Here, the application of Smartphone named six dots used for transactions supported by banks in Belgium. This system will support digital payment in Belgium to continue to grow. The share of non-cash payments, the total value of payments by consumers: 93%. Percentage of population with a debit card: 86%.

6. Sweden

Sweden is one of the countries where cash transactions begin to decline 3% in the national economy. From public transportation to church donations can now be paid with online banking or credit cards and debit cards.

This makes the bank theft in Sweden fell from 110 in 2008 to 16 in 2011 because almost all banks in Sweden already does not provide physical money again. The share of non-cash payments, the total value of payments by consumers: 89%. Percentage of population with debit cards: 96%.

7. The Netherlands

If you are going to pay a visit to the Netherlands, you must bring the credit card or debit card because of small things like pay for parking alone is not received with a cash payment. Some of the shops and places to eat in the Netherlands also do not accept cash payments. Communities in the Netherlands already understand and accept the existence of a rule of "no-cash rules".

Since the project "National Hotshot" built in the beginning of the year 2012 by Foundation for Promoting Efficient Payments (SBEB), the number of non-cash transactions in the Netherlands supermarkets also increased. This project aims to improve the security and comfort of non-cash transactions.

The share of non-cash payments, the total value of payments by consumers: 85%. Percentage of population with debit cards: 98%.

8. Germany

Starting from the year 2012, the seller in Germany requires only iPhone, EMV chip reader (which is connected to a mobile phone) to receive payment from the credit card and debit card using technology from a company based in Pay works Munich.

It is heading to the society in Germany to be a "cashless society" in the years ahead. The share of non-cash payments, the total value of payments by consumers: 76%. Percentage of population with a debit card: 88%.

9. Australia

"No Cash trends November" launched by bilioner Australia Andrew "Twiggy" Forrest is being "hype" in Australia. The transition from using the cash to "cash-free" lifestyle is already underway in Australia.

The digital economy is the focus of country Australia issued a policy of Australia's Digital Economy: Future Direction under the Department of Broadband, Communication and the Digital Economy for developing industry economy Digital

The number of digital transactions in Australia increased due to these policies and can be seen from 58 million more transactions Visa Wave in July 2015 and no signs of the presence of digital transactions decreased in the years ahead.

The share of non-cash payments, the total value of payments by consumers: 86%. Percentage of population with a debit card: 79%.

In addition to the nine countries mentioned above, there are still many other countries such as South Korea, Kenya and Somalia who have been thriving in the digital payment that led to the "cashless society".

Tag : Finance
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