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What (who) is cashless payment - definition

PHYSICAL MONEY

Hard dollar; Cashless payment

Cash

(·noun ·sg & ·pl) A Chinese coin.

II. Cash ·vt To Disband.

III. Cash ·noun A place where money is kept, or where it is deposited and paid out; a money box.

IV. Cash ·vt To pay, or to receive, cash for; to exchange for money; as, cash a note or an Order.

V. Cash ·noun Immediate or prompt payment in current funds; as, to sell goods for cash; to make a reduction in price for cash.

VI. Cash ·noun Ready money; especially, coin or specie; but also applied to bank notes, drafts, bonds, or any paper easily convertible into money.

CASH

Computer Aided Service Handling (Reference: Ashton-Tate), "Style: C.A.S.H."

cash

I. n.

1.

Coin, specie.

2.

Money, ready money.

II. v. a.

Turn into money, pay in money.

Wikipedia

Cash

In economics, cash is money in the physical form of currency, such as banknotes and coins.

In bookkeeping and financial accounting, cash is current assets comprising currency or currency equivalents that can be accessed immediately or near-immediately (as in the case of money market accounts). Cash is seen either as a reserve for payments, in case of a structural or incidental negative cash flow or as a way to avoid a downturn on financial markets.

https://en.wikipedia.org/wiki/Cash

Examples of use of cashless payment

1. But cashless payment systems remain largely national schemes, making it difficult and costly for consumers with a bank account in one country to make cashless payments in another.

2. February 20 2006 02:00 Europe‘s tax collectors and other public administrators need to take the lead in adopting eurozone–wide cashless payment systems, and help speed up the integration of fragmented national schemes, the European Central Bank has urged.