Nowadays, the lifestyle of Thai people is changing as we fully enter a cashless society. Many organizations are encouraging citizens to purchase goods using QR codes and are supporting shops to register for QR code usage, allowing customers to scan instead of paying with cards or cash. This is a positive development, but what are the actual benefits? Rabbit Finance invites you to explore this further.

Cashless Society

What Are the Benefits of a Cashless Society?

No More Frustration Over Change

This issue is a pain point for people who rely on transportation services like taxis or motorcycle taxis. When we don’t have exact change, we can’t pay, and if the driver doesn’t have change, we are often met with a rude “No change” as if it’s our fault for not having it. This puts us, the customers, at a disadvantage.

This problem could be resolved if taxis and motorcycle taxis adopted a QR code system or other cashless payment methods, but in reality, cooperation has not been as widespread as it should be.

Cashless Society

Just One Mobile Device

For those who forget to take their wallet out of the house, you will appreciate the cashless society system because you won’t be able to shop at regular stores; you’ll need to find shops that offer QR code services. If a store has this option, it’s your lifeline. In the future, you might be able to carry just your mobile phone without needing a wallet or cards, similar to what is seen in China. Whether you’re buying from street vendors or even beggars, QR codes are accepted. Isn’t that amazing?

Cashless Society

Promoting E-Commerce

People's lifestyles have changed significantly over the years. Not long ago, when we wanted something, we often went to shopping malls. Nowadays, we purchase items through applications and various websites, often finding cheaper prices than in stores that have to pay rent.

However, the quality of products is another matter. Both the government and private sectors are working to ensure consumer safety when shopping online.

Cashless Society

Paying for Government Services

While not all government agencies currently allow transactions via QR code, many do, or they can be paid through internet banking, eliminating the need to travel to various offices in person. This greatly enhances convenience, and we hope that more organizations will adopt this in the future for the public's ease.

Cashless Society

Saving Time

Since we can conduct almost all transactions through applications, we no longer need to go to the bank. We just pick up our mobile phone, click a few buttons, and it's done. This is a stark contrast to the past when we had to visit a bank branch during business hours, take a number, and wait in long lines. Just thinking about it can be discouraging, especially for minor tasks like updating a bank book, which we hardly need to do anymore.

Cashless Society

Reducing the Risk of Theft

Not carrying cash is a level of safety because if you don’t have it, it can’t be stolen. Thus, you don’t have to worry much about losing valuables, just your phone. Your phone becomes your personal bank, bill payment counter, and shopping center. Especially when paying through apps or QR codes, it adds convenience for everyone.

But be careful with your passwords; if someone gets your phone and your passwords, that’s the end.

In conclusion, I hope everyone will start using QR codes more, as many places are trying to implement QR codes for our convenience. Not only is it convenient, but it also benefits the economy. Just be careful not to overspend!

Thanks for the information from rabbitfinance.com