Month: September 2015

Cashless Economy, an overwhelming Trend


By Andrew. I Kazibwe

To those well versed with the business language, Cashless Economy is what they are well versed with- though not much of its deep rooting consequences. Above and beyond its chemistry and puzzling physics-that lay man would marvel at in agony, am imagining a growing era of no longer touching money notes for any reason.

Those born in present times will have stories to tell their younger generations, but not as we do- as we evidently embrace rapid ‘modernization’ trend through technology-whist ‘unnoticing’ the innocence old era vanishing away.

Not touching money!, yes- and as to some, a few it seems their ‘daily bread’, that they are now accustomed to, most can hardly imagine this irony- magic is it?!

Trending is the use of credit or debit cards, mobile and swift cash transfer payments among other payment forms, where by today receives his salary or wage through smart transactions to their account numbers, yet they can further spend all of it without physically touching a penny- but only handing over their credit card, and payments are done!

From transportation systems, hotels and restaurants, grocery stores, bars and night clubs, casinos, gas stations, schools, coffee shops, one can be assured of only carrying their credit card. Am quite sure that holy places like churches and mosques are soon advancing their offertory style- and how will this seem!!!

Smart it is s it saves many the burden of the long bank queues, a waste of precious time, being neared by boring people from all walks of life- at least we can save that for health centers.

But it also saves most from problems that may result from money forgery, and also carrying calculators along, as the Maths needs to be done-for certainty of physical cash notes.

Ever imagined how and what would transpire if the great grandmother to a forty year just re-surfaced onto these streets-maybe for life’s second chance!. Chances are that they would face psychological torture and torment arising from this tech boost.

Sad is that it poses an ‘economical question’ of ‘Why should we need to employ these human beings as tellers-yet this load can be done electronically?’-ATM Machines have proved this!

It also only leaves a few to reminisce the ‘sweet old times’ of one posing in the spot light, while boastfully counting money notes- for all to see, and of course admire his greatness!!!

Andrew Israel Kazibwe is an African Rwandan-based freelance Journalist , a learner, Arts enthusiast and advocate. Passionate about what goes on within lives, he shares whats within, around and closer to you. Its an Insight!!!

NB:This Piece was first published at http://blog.kaymu.rw

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