Big Issue has decided to make a switch using cash, tap-and-go, or mobile payment app. The launch of digital payments will make the magazine more accessible to more people.

"People have been asking about digital payments, because they say, 'I don't have any cash with me,'" she said.

"So this will be more convenient for them, and give them more options."

Vendors will most likely to adopt the technology because of the potential increase in sales. People nowadays carry "very limited" cash but they wish they could use electronic payments instead. Moreover, vendors will no longer have to worry about carrying much cash while working.

Furthermore, some buskers and street performers are starting to use digital payment methods, including phone apps that allow their audience to swipe their cards to make a payment. But not all buskers, especially the veterans are ready and willing to accept technology due to the fear of “cut” taken every payment via merchant fees. So, it’s either they adapt or decide to look for other employment to make a living for them.

Also, charitable institutions have reported to experience an increase in donations after switching to digital payments. People can no longer make an excuse that they don’t have spare coins or cash, because charities are now equipped with EFTPOS machine.

Digital payment methods are such a great innovation that benefits all walks of life. It should be seen as a means to make life more convenient. In today's fast-moving, ever-changing world, there’s no reason to reject technological advancement. Whatever industry you are in, if you still do not consider this “change”, most likely you will perish slowly in the competition.

Source: Article by Erin Parke for ABC News.

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