Survey on Consumers Using Payment Systems and Their Perception of a Cashless Society

Our modern world is slowly transitioning from a cash-centric economy to a cashless society. Historically, societies used a barter system to trade, buy, and sell goods and services. Eventually, societies and nations moved to a monetary system of payment. To highlight, this mainly consisted of cash and coin.

In the next phase, banks came to be as societies needed an entity to keep monetary transactions in check. In detail, banks brought a whole new suite of payment systems. Specifically, checkbooks and debit/credit cards became quite popular. The latter, in particular, came with additional perks for consumers. Until their arrival, cash was most commonly used.

Next, we saw the emergence of digital wallets such as Apple Pay, Google Pay, and PayPal. Now, with these cashless options in place, consumers find themselves with a wide array of payment options to choose from. Thus, Real Research launched a cashless society survey to gauge public perception. For instance, how much do consumers rely on cash?

Likewise, how much do consumers rely on cashless payment options? More so, which payment system do they prefer to use? On the other hand, what do merchants and kiosks prefer? In particular, have consumers encountered any stores that do not accept debit/credit card payments? Lastly, do respondents think it is a good idea to go cashless when the whole system depends on factors such as electricity and the Internet?

Hence, hurry and share your opinion via the cashless society survey on the Real Research app from April 20, 2022. After that, you will receive 5 GSTRM as a reward for answering the survey.