It can only be said that cashless payment may be the basic situation in the next few years, but it is impossible to completely replace cash payment.

First of all, cash is a product of national finance, and national finance cannot be represented by mobile payment figures.

Second, you can bring your mobile phone to pay for daily travel, but if you want to go abroad for cross-border consumption, except for some areas where there will be POS machines that automatically convert according to the exchange rate of the day when you swipe your card, you can also buy things in foreign convenience stores and take taxis.

Payment situations such as the subway require you to exchange cash for local currency to pay.

Third, my country’s current wifi penetration rate and mobile signals have not developed to the point where mobile payment can replace cash. In some mountainous areas or remote places, the signal is very weak. At that time, if online payment was not possible, cash would have to be used. It will take a long time to achieve stable full coverage of signals around the world.

Fourth, people who use mobile payment are generally young, and there are far fewer people in their 50s and 60s, not to mention older people. There are now endless examples of phone fraud. If the elderly learn to use mobile phones,

Regarding payment, I think there will be more and more online payment scams, and the traces of criminals are harder to detect than phone scams, and the amount of fraud will be difficult to estimate.

Regardless of age, communication in some relatively backward places is difficult, and it is difficult for everyone to have a mobile phone. They have no way of knowing how to make online payments, and there is no convenient and fast Internet environment, nor do they have such awareness.

To sum up, mobile payment will not completely replace cash payment, and may only become a mainstream payment method in the future.