The world of finance might be headed towards a cashless future, but cash is still very much king in some parts of the developed world. Many Germans for example, prefer to perform their everyday transactions using cash, perceiving it as a more secure and private way to go about their business.

Germans may hold some reservations about AI, but a survey has shown that their trust in it has grown significantly. As people gradually warm to new technologies, brands have an opportunity to develop products and services that provide convenience while emphasising transparency.

Contactless cards and mobile wallets have greatly simplified payments, but Fingopay is going a step further by allowing people to buy anything with just a press of a finger. It’s tapping a desire for increased security and convenience in everyday transactions through the use of biometric tech.

All over the world, countries are moving toward becoming cashless. While this does have its benefits – particularly for ostracised communities – it also creates issues for those people who rely mainly on cash and places a high level of power with large financial institutions.