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60% of citizens from UAE would favour a cashless society

52% of citizens from UAE have paid in cash less often since the Covid-19 outbreak

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By: Khilen,Journalistic.org

Over 60% of citizens from UAE would favour a cashless society

The argument for a cashless society has been around for a while. Still, the Coronavirus crisis’s rapid rise has intensified the debate again amid concerns about banknotes and coins transmitting the virus. In addition to this, the increasing decline of high street bank branches and ATMs has made the possibility of a cashless society in the next few years more likely than ever before.

Interested in financial transactions, MoneyTransfers.com analysed the latest data from YouGov to discover which countries in the world would most be in favour of a cashless society.

MoneyTransfers.com found that India is in the number one spot as an overwhelming 79% of Indians would like to have a cashless society in their country.

In the second position is Malaysia, where 65% of Malaysians support having a cashless society in their country.

The United Arab Emirates (UAE) and Indonesia are in joint third place, as 63% of citizens in each respective country believe becoming cashless will positively impact their society and economy.

Furthermore, 52% of citizens from UAE admit to paying in cashless often since the Covid-19 outbreak.

Vietnam (60%) and Singapore (56%) are among the other countries where over 55% of citizens favour transitioning towards a cashless society, respectively in fourth and fifth position.

Italy is the highest-ranking European country in joint sixth place (alongside the Philippines), as 52% of Italians think going entirely cash-free would be a great decision for their country.

Interestingly the United States is joint 15th (alongside Sweden), as just 24% of Americans feel a cashless society would be a good thing for their country.

At the other end in 17th position is France, where only 18% of French citizens would welcome their country being entirely dependent on electronic forms of payment.

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