We are living in exciting times. The Signposts point to Jesus soon return.

Thursday, January 21, 2016

Cashless future underway as Canadian consumers have more credit, debit and app options than ever

Prophecy Sign: The coming Cashless Society



If the only way to make day to day purchases in the future is by way of electronic means, then the ability to control who is able to buy and sell jumps from the realm of conjecture to a near future certainty.

It also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads, so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name. Revelation 13:16-17 NIV

Cashless future underway as Canadian consumers have more credit, debit and app options than ever
Turner, a 42-year-old account executive and social media strategist for a PR firm, relies on her debit card for purchases, and also uses mobile apps for banking and coffee runs at Starbucks. She's among a growing number of Canadians finding there's no longer a real need to carry cash. An online survey of 1,000 people conducted by processing payments firm Moneris earlier this year found that 77 per cent of respondents preferred to pay for purchases by debit or credit card, and 65 per cent said they rarely buy anything with cash anymore. "I think we're at a point where you don't need cash for most of what you need to do today," says Rob Cameron, chief product and marketing officer for Moneris. "I do think people will continue to use cash because it's been around so long.... But this growth in contactless (payments using credit cards or mobile apps) I think is going to lead towards that end of cash."

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