Page 1 of 2 12 LastLast
Results 1 to 25 of 30
  1. #1
    Thailand Expat tomcat's Avatar
    Join Date
    Nov 2005
    Last Online
    @
    Posts
    10,154

    Doing Away With Paper and Coins

    ...10 countries where cash is becoming outdated: https://www.msn.com/en-us/money/mark...BJTOKP#image=1

  2. #2
    Pedantic bastard
    nidhogg's Avatar
    Join Date
    Jun 2008
    Last Online
    @
    Posts
    14,587
    While not making the list, Thailand has been moving in that direction. Any trip to 7/11 will see people paying through cashless means.

    There has been a big shift in how salaries are now paid. I used to get quite a lot of direct payments to my account (various additional, non-base salary payments), but now everything goes through a central mechanism where tax is taken off at source.

    All these cashless mechanisms serve to allow tracking, and particularly taxing, of the money.

  3. #3
    Thailand Expat AntRobertson's Avatar
    Join Date
    Nov 2006
    Last Online
    @
    Posts
    33,209
    I read somewhere once that NZ had the highest number of EFTPOS machines per capita in the world.

    Mind that's probably considered at outdated technology at this point.

  4. #4
    Thailand Expat cyrille's Avatar
    Join Date
    Oct 2006
    Last Online
    Today @ 09:32 AM
    Posts
    16,149
    I won't bother finding out wtf it means then.

  5. #5
    Thailand Expat AntRobertson's Avatar
    Join Date
    Nov 2006
    Last Online
    @
    Posts
    33,209
    Ahh, well there you go then!

    EFTPOS... Electronic Funds Transfer at Point of Sale.

    Basically a card-reader you swipe and direct debit from. Practically every shop in NZ has one.

    Edit: this...


  6. #6
    Thailand Expat cyrille's Avatar
    Join Date
    Oct 2006
    Last Online
    Today @ 09:32 AM
    Posts
    16,149
    Ah, righto.

    And on the way out despite the catchy name?

    I find all this 'everything tracked' stuff a bit worrying.

    My chances of disappearing off the face of the map riding a Norton Commando with Scarlett Johannson riding pillion have been diminished.

  7. #7
    Thailand Expat AntRobertson's Avatar
    Join Date
    Nov 2006
    Last Online
    @
    Posts
    33,209
    Actually I'm not sure, it has just seemingly been around since forever and a day so just assumed something else better was in the offing... and hopefully that has a confusingly long initialism too.

  8. #8
    Thailand Expat David48atTD's Avatar
    Join Date
    Jan 2016
    Last Online
    Today @ 05:15 AM
    Location
    Palace Far from Worries
    Posts
    7,792
    'Note' to self ... sell the coin collection.

  9. #9
    Thailand Expat David48atTD's Avatar
    Join Date
    Jan 2016
    Last Online
    Today @ 05:15 AM
    Location
    Palace Far from Worries
    Posts
    7,792
    On a serious note, I pay 'cash' for just about everything I can.

    The exceptions being Flight Tickets, Car Rego, Child Care etc.

    The day to day stuff ... cash is king.

    I have 'tap and go' credit cards ... never used them.

    Plus I want the kids to learn, both what money is and how it's used.

    “Someone is sitting in the shade today because someone planted a tree a long time ago”

    .

  10. #10
    disturbance in the Turnip baldrick's Avatar
    Join Date
    Apr 2006
    Last Online
    Today @ 11:58 AM
    Location
    Heidleberg
    Posts
    21,419
    ^ and a cheque book ?

  11. #11
    Thailand Expat

    Join Date
    Aug 2017
    Last Online
    Today @ 11:58 AM
    Location
    Sumatra
    Posts
    3,412
    Quote Originally Posted by David48atTD View Post
    'Note' to self ... sell the coin collection.
    Coins can go. I have a Day sack that I travel with. It gathers coinage from wherever, to stop me beeping at airport check points.
    I do like to have a bit of wedge on the hip though. Even that is becoming an issue now, with various bits of high denomination, worthless paper.
    OH plays volleyball for IDR5000 a game. Equivalent to about THB11.

  12. #12
    Thailand Expat David48atTD's Avatar
    Join Date
    Jan 2016
    Last Online
    Today @ 05:15 AM
    Location
    Palace Far from Worries
    Posts
    7,792
    Quote Originally Posted by baldrick View Post
    ^ and a cheque book ?
    Two actually

  13. #13
    Thailand Expat
    happynz's Avatar
    Join Date
    Nov 2005
    Last Online
    Today @ 11:23 AM
    Location
    on the corner of dusty and dustier
    Posts
    8,733
    Quote Originally Posted by AntRobertson View Post
    I read somewhere once that NZ had the highest number of EFTPOS machines per capita in the world.
    Yes, but a few coins are still handy for sausage sizzles outside the Warehouse.

  14. #14
    Thailand Expat tomcat's Avatar
    Join Date
    Nov 2005
    Last Online
    @
    Posts
    10,154
    Quote Originally Posted by happynz View Post
    sausage sizzles
    ...no need for euphemisms...

  15. #15
    Thailand Expat
    OhOh's Avatar
    Join Date
    Jul 2010
    Last Online
    17-07-2019 @ 10:57 PM
    Location
    Where troubles melt like lemon drops
    Posts
    17,525
    Quote Originally Posted by David48atTD View Post
    Plus I want the kids to learn, both what money is and how it's used.
    I suggest a few "coins" will always be useful. Gold preferably, they do have history behind them.

    I agree the lack of notes in one's wallet reinforces the need to get off the couch and earn some more.

    One thing I have noticed recently is that it appears some Thais receive government "Food Money" and have been given a magic card. The local shop has a new "machine" and allegedly no whisky is able to be bought with the card.

    Digital cash is cool, until "somebody" informs your card issuer that you are to be denied access to your funds. Then life becomes more immediate.
    A tray full of GOLD is not worth a moment in time.

  16. #16
    Thailand Expat
    buriramboy's Avatar
    Join Date
    Mar 2007
    Last Online
    Today @ 05:30 AM
    Posts
    11,893
    Only thing I use cash for is going to my local pub and that's only because it's a spit and sawdust pub with no card facilities, every thing else paid on card including at other pubs. In fact if my local would take cards I'd have no need for cash at all.

  17. #17
    Thailand Expat
    Airportwo's Avatar
    Join Date
    Mar 2006
    Last Online
    Yesterday @ 06:27 PM
    Location
    Flat Earth
    Posts
    3,566
    A person who is somewhat more cynical than myself would suggest that the less cash there is, the more opportunity "they" have to impose their taxes on ones personal funds?
    I'm going to opt out!

  18. #18
    'ello 'ello 'ello Luigi's Avatar
    Join Date
    Dec 2014
    Last Online
    @
    Location
    Abuja
    Posts
    23,041
    Quote Originally Posted by David48atTD View Post
    I pay 'cash' for just about everything I can.

    The exceptions being Flight Tickets, Car Rego, Child Care etc.

    The day to day stuff ... cash is king.
    I'm the exact opposite.

    Less hassle to take out and pass over the Debit Card than take out cash, get the change back and put it away. Plus delays the need to go to an ATM.


    Card over, sign (sometimes), card back and go.

  19. #19
    'ello 'ello 'ello Luigi's Avatar
    Join Date
    Dec 2014
    Last Online
    @
    Location
    Abuja
    Posts
    23,041
    Quote Originally Posted by buriramboy View Post
    Only thing I use cash for is going to my local pub and that's only because it's a spit and sawdust pub with no card facilities, every thing else paid on card including at other pubs. In fact if my local would take cards I'd have no need for cash at all.
    Back in Europe last year and was surprised to see most people paying with their phones in supermarkets and bars. Hold out their phone, cashier scans it(a QR Code, presumably) and that was it. Takes about a second.

    Never inquired what App or whatever it is.

  20. #20
    Thailand Expat
    buriramboy's Avatar
    Join Date
    Mar 2007
    Last Online
    Today @ 05:30 AM
    Posts
    11,893
    Yeah can pay up to £30 with contactless just put card up against terminal no need to even enter your pin. Always a nasty shock waking up next morning though checking your account and seeing how much spent night before.

  21. #21
    Cenosillicaphobiac
    Plan B's Avatar
    Join Date
    Jul 2006
    Last Online
    Yesterday @ 05:43 PM
    Location
    Under a bridge
    Posts
    4,184
    How will druggies buy drugs without cash?


    Also I just got one of those minimalist wallets. Tiny thing, holds a few cards,no cash. Homeless people are gonna have to get themselves mobile EFTPOS machines if they wanna make some money to buy cheap wine from Super Liquor.

  22. #22
    Thailand Expat
    happynz's Avatar
    Join Date
    Nov 2005
    Last Online
    Today @ 11:23 AM
    Location
    on the corner of dusty and dustier
    Posts
    8,733
    ^ tough on buskers too.

  23. #23
    ความรู้ลึกลับ HuangLao's Avatar
    Join Date
    Jun 2017
    Last Online
    @
    Location
    สุโขทัย
    Posts
    6,017
    Part and parcel of the extended and continued illusion.
    Accepted by the dumbed-down masses and enacted as a form of civilised.

    Life. It's about them.

  24. #24
    disturbance in the Turnip baldrick's Avatar
    Join Date
    Apr 2006
    Last Online
    Today @ 11:58 AM
    Location
    Heidleberg
    Posts
    21,419
    Quote Originally Posted by Airportwo View Post
    A person who is somewhat more cynical than myself would suggest
    that advertising/marketing firms will already be wetting their panties in excitement

  25. #25
    'ello 'ello 'ello Luigi's Avatar
    Join Date
    Dec 2014
    Last Online
    @
    Location
    Abuja
    Posts
    23,041
    Quote Originally Posted by buriramboy View Post
    Yeah can pay up to £30 with contactless just put card up against terminal no need to even enter your pin.
    I think this was their phones, and the cashier would scan the screen with the handheld scanner for barcodes, or something similar.

    Looked like their phones and not their wallets.

    Saw it in supermarkets and bars.

    Was a bit strange as I hadn't seen it in Thailand.

Page 1 of 2 12 LastLast

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •