Paul Fazzino, CTO

Recent Posts

Cashless economies and the effect on parking

Posted by Paul Fazzino, CTO on 14 August 2019 11:44:47 BST

Paul Fazzino_cropped-1It is predicted that Sweden will become the world’s first cashless society, and half of Swedish retailers are expected to stop accepting cash by 2025. UK Finance recently reported that almost seven out of ten people in the UK are using contactless payments, although debit cards remain the most frequent method of payment, making up 38% of all UK transactions in 2018. Almost half the world’s digital payments in 2017 were made in China, where consumers can pay for a wide variety of purchases through their smartphones using apps or QR codes.

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Topics: Parking, Cost, Parkopedia Research, Cashless, Payment