For the past 3,000 years, currency has been associated with money. Everyday transactions featured creased paper or clinking pieces of metal, from making food purchases to paying restaurant bills.

The first government that officially delivered paper money was the French colonial government of Canada. During the 17th century, another payment method appeared: cheques. They became quite popular in England, and they came in the form of handwritten docu

The next stepping stone happened with the development of the Internet. It is believed that the first online payment took place on the Pizza Hut website in 1994, when people were allowed to order pizza online. On the other hand, in 1997, Coca-Cola was the

Bitcoin was another big invention of the 2010s, even though it was first introduced in 2008 when an unknown author under Satoshi Nakamoto’s pseudonym came up with the idea. This was the year when cryptocurrency started to become very popular. There are no

The arrival of smartphones changed shoppers’ behaviour; they have become more willing to pay online for the goods they want. As e-commerce started to grow rapidly, so did new alternative payment methods that are now available: PayPal, digital wallet syste

Countries are eliminating cash at varying rates. In Sweden, the average number of cash transactions per person has decreased by 80% in the past ten years. In Norway, only 6% of total purchases are made in cash.

The government of Singapore is strongly promoting a cashless society. Going cashless is very important, and the prime minister has made it a national priority since 2017. Thanks to their vast populations, China and India are in the lead and show the highe