The Danish National Central Bank stopped printing banknotes. Can mobile payment really completely replace cash payment?

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

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

Second, you can take your mobile phone to pay for your daily trip, but if you want to spend abroad, except in some areas, when you swipe your card, a POS machine will automatically exchange it according to the exchange rate of the day. In foreign convenience stores, you need to exchange cash for local currency to pay for the goods.

Thirdly, the current wifi penetration rate and mobile signal in China 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 you can't pay online, you can only use cash. It will take a long time to achieve stable and full coverage of signals on a global scale.

Fourth, people who use mobile payment are generally younger, and there are far fewer people aged 50-60, let alone older people. Now there are endless examples of telephone fraud. If the elderly learn to pay by mobile phone, I think there will be more and more online payment scams, the traces of criminals will be more difficult to find than telephone fraud, and the amount of fraud will be difficult to estimate.

Apart from age, it is difficult to communicate in some relatively backward places, and it is difficult for everyone to have a mobile phone. They have no way to know that if online payment is started and there is no convenient and fast internet environment, they will not have such awareness themselves.

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