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There are still some countries which are too obsessed with the cash payment from and haven’t dethroned it yet, so you should learn which currencies are accepted where and take out money ahead of time before setting sail.
Travel could not be any easier with the online payment system, but people who still fancy paying from physical wallets, there are some off-trend lands where they can revive the lost fashion.
When Traveling Overseas, it’s always a good idea to know which countries are cashless and which aren’t. Having some local currency never hurts, and you will always find it useful for paying at local shops. It’s also recommended to keep some strong currency, like U.S. dollar and Euro, so that you can exchange it in case no nearby ATMs are available, or card gets misplaced.
Although China has immensely improved in the tech domain, there needs taking restrictions off the foreign affairs for a smoothened travel experience. WeChat and Alipay are popular among youth, but these payment methods don’t support foreign credit or debit cards. Such a paralyzing issue makes travelers rely on cash, especially when dealing with small shops or in remote areas. When in China, grab cash just for the day ahead from ATMs at airports and around big tourist hubs. Not all banks readily accept foreign cards, and it’s difficult to locate ATMs in small cities.
Online payment chain has still a long distance to go before India could put paper currencies off the legal tender; despite the recently attempted demonetization formula. In an attempt to curb corruption and retrieve black money, the Indian government made old 500 and 1000-rupee notes illegal. In 2016, when it was done, millions of Indians waited in a queue outside banks for days to swap old banknotes for new ones, showing how this land of a billion still craves for cash. The digital revolution is at a full pace; however, ATMs always tend to run dry, and rural areas, Tripadvisor India and small businesses rely heavily on cash for daily needs.
The economy of Spain has been a rollercoaster ride as it went through many crests and troughs in recent years. Compared to the other part of the world, Spaniards have diminished interest in the banking system, so the most portion of the economy stands on the castle made of cash. For this reason, Spaniards opt for cash transactions rather credit or debit cards. The currency of Spain is Euro but compared to other European nations like Germany and France, each Euro gets you more things in the same value. So, pull out some quick cash from an ATM, and get ready to search your back pocket at every stop, for shopping.
Irrespective of its close ties with the U.S., according to PYMNTS Global Cash Index™, over 50% of the Mexicans don’t have a bank account and so to deal with daily affairs, they stand by the cash counter. In the age of digitalization when major economies are gnawing big at the electronic mode of transaction, ignorance by the Mexicans toward card mode of payment indicates that in near future, they’re not embracing the cashless trend. In the resort towns of Mexico, it’s easy to survive without cash but, won’t you like to support the locals or taste some streetside tacos, which overall don’t adhere to the fancy side of money transfer.