The Economist (August 10, 2023) – Non-cash payments are on the rise all over the world. Our writers explain how digital technology has changed the way consumers shop in three important markets: America, China and India.
Video timeline: 00:00 Cashless transactions are on the rise 00:18 America: account and card 02:01 India: Unified Payment Interface 04:06 China: App payments
‘Editor’s Picks’ Podcast (May 22 , 2023) – A selection of three essential articles read aloud from the latest issue of The Economist. This week, Henry Kissinger on the new world order, how the fight for digital payments is going global (10:50) and why the Taliban is going big on animal welfare (17:10).
Is cash still king? The coronavirus pandemic may cause a drastic decline in cash usage due to the risk of contamination. The unprecedented surge in the demand for contactless payment has also shown outstanding performances for major companies offering cashless payment methods, like Apple, Square and Paypal. Could covid-19 signal the end of cash in the United States and can the U.S. really function without physical currency?
As digital payments become the norm, will there be a need for cash? The Economist’s Finance editor Helen Joyce takes a look behind the scenes of the future, from Sweden to Shanghai. She explores how digital payments will transform the economy, and how they risk leaving some people behind.
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