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Digital Payments: Is Cash Still King in Today’s World?

Cash didn’t always exist. When human society came into existence, the economy was cashless and dependent on the barter of goods and services and other exchange methods. It wasn’t until thousands of years later that monetary coins were developed and followed by paper money. But in today’s world, a cashless economy is an economy where all financial transactions are powered by digital transformation and digital wallets.

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Digital Wallets

Could Digital Wallets be the New ‘Normal’?

Lockdowns and remote work have changed how consumers purchase and pay for goods and services. In the near future, we won’t ever have to say “Oops, I forgot my wallet”. Here is a picture of our lifestyle with digital wallets,

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Central Bank of Lebanon Decision No 28/5/23 date 1/2/2023​
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