# Rise of contactless payment means cash is no longer king https://blog.cynexia.com/rise-of-contactless-payment-means-cash-is-no-longer-king Author: [Rob Aleck](https://blog.cynexia.com/pages/about) · https://github.com/mnbf9rca · https://www.linkedin.com/in/robertaleck/ · https://family-foqos.app/ Published: 2018-06-22 Categories: LinkedIn cross-post The move to a cashless society is making steady progress across most of the world. In the UK, for example, more than 50% of transactions were completed cashlessly last year ([https://www.ft.com/content/18e3eb92-7201-11e8-aa31-31da4279a601]()), while in China, UnionPay's rapid push in to new markets (as diverse as Malaysia, DRC, and Kazakhstan [https://www.ft.com/content/a67350fa-1f6f-11e7-a454-ab04428977f9]()) demonstrates the sheer scale of the opportunity, with the pace of change hardly altered by the introduction of a new competitor (NetsUnion [https://www.ft.com/content/9e8e4f50-63ea-11e8-90c2-9563a0613e56]()). But there's rightly growing concern about those being left behind ([https://gkstrategy.com/cashless-revolution-leaving-people-behind/]()) and the solutions for that problem are yet to be discovered. [https://www.ft.com/content/18e3eb92-7201-11e8-aa31-31da4279a601]()UK spending on debit cards overtook hard currency for the first time in 2017