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The Telegraph UK outlined the following graph, showing that non-cash transactions were set to pass cash transactions in 2015 (and they did).
Australia’s Financial Review backs this trend up in Australia, suggesting that by 2020 Australia could be a cashless society.
2. New smartphone tech means less reliance on physical cards
With tech like Apple Pay gaining popularity, you can now use your phone to pay directly at a large number of retailers. While most people will still carry their credit cards as a backup, the trend is shifting towards these contactless payment methods.
Also – smart apps such like Stocard allow your to take photos of cards such as loyalty cards, and scan them on your phone at the retailer, meaning you no longer need to hold onto multiple store cards to gain points.
3. Bulky wallets are uncomfortable, hard to carry, and can even be bad for your back
About Palmera Apparel
Palmera ~ from the Spanish, meaning \”Palm Tree”.
With influences from exotic places all over the world, and beach vibes from our birthplace on the Gold Coast, Palmera Apparel is an inspired local label that specialises in minimal, affordable, and quality apparel.
Pronounced \”palm-era\” our unique, in-house designs are crafted with only the highest quality materials and techniques.
