this Is the trend that has seriously spurred the coronavirus. For fear of catching the infection through paper notes and metal coins, many French began to actively use “plastic” form of payment for purchases. Distrust of cash appeared in a wide variety of publications on a hypothetical transfer of the virus through the money and also the insistent recommendations of the world health organization to prefer cashless payment. This is despite the fact that the local Ministry of health officially explained that “the risk of Contracting it is extremely insignificant.” But the fact remains that the number of contactless transactions in the French retail networks after the introduction of the country of quarantine in March-April grew by 37 percent, and when the limit was raised from 30 euros to 50, it increased by another 10 percent.
according to the expert consulting Agency Oliver Wyman Martin Weimer, “the credibility of the paper money is shaken, and not to recover it after a health crisis”. In her opinion, the French, even those who had paid in cash only now realized the benefits of contactless payment. “In the end, they acquired a positive experience, which will become a habit that will lead to the gradual decline of “real” money that has happened in recent years”, – concluded the expert. She assumed after five years in France, the share of payments using cash will fall to 20 percent, whereas now they account for 67 percent.
But Vincennes Duval, CEO of Paylib, which specializiruetsya in the field of digital transactions in the banking sector, believes that the future of smartphones. “The phones are much more practical. They will eventually displace the banknote and Bank card,” he said.
