The pros and cons of going cashless.

1. Various Attractive VS Consumptive Promos

One of the most effective strategies to attract people's interest in using digital money is through promos.
A number of money services and digital wallets are competing to provide promos such as discounted prices to massive cashbacks.  Is this profitable?  Yes, if it is spent on a product that is really needed.
 But without realizing it, sometimes this makes people more consumptive which in the end only becomes an impulse purchase because they are tempted by discounts so that spending becomes out of control.

2.Fast Transaction VS Signal Problem

Large cash transactions generally take a long time because the money used for transactions must be calculated first.  Sometimes, small change is not available at the cashier.
With cashless transactions, the process becomes much easier and faster.  Just swipe the card to the EDC machine, tap, or scan the barcode via the application.
However, are there times when these machines or the user's smartphone have difficulty catching the signal needed for the transaction to take place?  Thus, without a good signal, payments cannot be made.

3.Safe From Conventional Theft VS Cyber ​​Attack Vulnerability

Security features have become mandatory for money services and digital wallets on smartphones.  Usually this security feature is in the form of a PIN, password, or fingerprint scan.
This is one of the advantages of cashless transactions because the transaction value is only known by the user and the merchant/tenant concerned, so it does not invite criminal action.