Moving Towards A Cashless World

Moving Towards A Cashless World from End Times Prophecy


“India’s Aadhaar enabled payment system (AEPS) surpassed 200 million transactions with biometric authentication the month of July, 2019 … The National Payments Corporation of India (NPCI) announced the milestone, which is instrumental to India’s financial inclusion efforts, according to the report. A total of 220.18 million transactions with a combined value of 96.85 billion rupees (US$1.36 billion). The system was used by 66.5 million Indian citizens during July.” (source)

Cashless World: 1 out of 3 People Never Use Cash

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It is amazing to think how far a country like India has progressed with this in a matter of a few years. And the number of people using this biometric payment system is growing all the time. But it is not just India where this is taking place. The drive for a cashless society is gaining momentum all over the world. A couple of weeks ago, we reported that the ‘clock is ticking down on mass deployment of biometric payment cards and the CEO of the Bank of America saying ‘we want a cashless society’, spending over $30 billion during the past 8 years to get the technological infrustructure in place. Just look at the following news articles regarding this cashless push around the world:

AFRICA – “Creating a cashless Africa – Global and local organisations are investing in innovative digital payment systems and new disruptive payments tools to displace cash, while delivering new levels of inclusion to the benefit of consumers, businesses and governments. One of the leading technology companies in this realm is Mastercard.” (source)

SOMALIA – “Cashless society improves community resilience in Somaliland – Somaliland is a place of contrasts: most people don’t have a toilet or a water tap; they have to boil water (which they have to buy) before consuming it; yet most have a mobile phone, even in the most remote locations … Shopkeeper Roble Barkad demonstrates how easy and quick going cashless is. A purchaser indicates what he wants to buy, texts an identifier and the agreed amount (US dollars or Somali shillings) followed by a hashtag. He accepts the payment, which is confirmed by text. Almost half of 350 households located nearby benefit from cash support via electronic transfer.” (source)

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