SMART MONEY: PUT YOUR MONEY WHERE YOUR WRIST IS

As paper money heads to the great bank vault in the sky, IQ speaks to the companies making concert payments simpler, smarter and safer, in an increasingly cashless world

Since bursting onto the festival circuit around five years ago, the popularity of cashless payment technology has grown exponentially, with cashless solutions – usually delivered via an RFID (radio-frequency identification) chip attached to a wristband or festival pass – now a familiar sight at some of the world’s most popular events.

After a bumpy start (including high-profile failures at events such as Download and Hurricane Festival), cashless tech has shed its growing pains and is now common across much of mainland Europe. It’s also fast making inroads into largely cashless-resistant markets such as the UK and US, where event promoters, like their continental cousins, are drawn to its sales uplift potential – 15-30%, according to Payzone – and contactless-native audiences to its security and ease of use.

Suite de l’article de IQ Magazine (en anglais) : https://www.iq-mag.net/2019/02/smart-money-cashless-payment-technology/#.XGHhsc9KhbV

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