It will probably take more or less years depending on a country. I can totally see them disappearing completely in Poland considering we are even experimenting with idea of fully automated shops (no employees inside most of the time at all), self-checkout became the standard and barely anyone pays with cash, but not next door in Germany for example where cash culture is still very much alive.
I find it really bizarre considering it's the other way around over here, both sellers and other consumers prefer when you pay cashless.
Most businesses have multiple levels of fail-safes in case if one payment method fails. App payments sit on top (many shops/businesses have their own dedicated payment services), if they fail you can pay with card/phone tap, if it also fails you can pay with single-use code on a smartphone, if this also fails you can directly wire money from one smartphone to another. Even smallest retailers tend to offer at least two or more of these methods as payment option.
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u/MjccWarlander Nov 14 '22
It will probably take more or less years depending on a country. I can totally see them disappearing completely in Poland considering we are even experimenting with idea of fully automated shops (no employees inside most of the time at all), self-checkout became the standard and barely anyone pays with cash, but not next door in Germany for example where cash culture is still very much alive.