Current Issues

Regular Industry Development Updates, Opinions and Talking Points relating to Manufacturing, the Supply Chain and Logistics.

Amazon Go - Cashless society only a matter of time

08-Oct-2018
Amazon Go - Cashless society only a matter of time
Following the news that Amazon is planning to launch its cashless concept store “Amazon Go” across UK high streets Rob Cottingham, credit director at consumer finance specialist Duologi, discusses the impact a “cashless society” – which some have predicted Amazon Go could be the first step towards - could have on UK retail as a whole.

“While we’re quickly moving towards a cashless society, this doesn’t mean that debit cards will become the de facto payment method. In fact, it’s only a matter of time before we become completely paperless and don’t carry debit or credit cards at all.

"There are more options than ever when making a purchase – for example, mobile payments and applying for credit at the till or via a retailer’s website – and this points towards a society wherein using plastic cards actually becomes increasingly marginalised. As cash fades into the background, the brands that thrive will be those that can offer customers flexibility in how, when and where they pay for their goods.”

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