I have just returned from two weeks in the UK and readily tested the prospect of living without cash.  The upshot of this experience?  I have not only have ceased using cash but I no longer rely on a wallet full of cards.

One of the great dynamics in the payment industry is the rapid evolution of our attitudes to cash.  How often do we see ‘tap and go’ when people use cards at contactless terminals?  Have you experienced ‘Zero Touch’ using Droplet (dropletpay.com) in the UK?  Do you have a phone with Near Field Communications (NFC) embedded in the device?  If yes to all the above, then you have set in train the cash/card/wallet removal from your processing system!

So now that I have returned to Australia having spent 2 weeks in the UK without cash, I have extended my horizons and now no longer carry a wallet full of cards.  I simply use my phone and look forward longingly to the time when Droplet launches worldwide so that I can even dispense with that rather quaint 2015 device to manage my payments.  The great thing about Droplet is that not only do you have zero touch for your payments but your loyalty is rewarded at point of sale.  Your geolocation is noted by the till system at the merchant and you simply pick up your goods and leave.  Payment happens like Uber and you get a message to deliver your receipt.  How easy is that?  No tap – simply go!