{"id":227609,"date":"2020-02-01T08:40:12","date_gmt":"2020-02-01T08:40:12","guid":{"rendered":"https:\/\/webkul.com\/blog\/?p=227609"},"modified":"2020-02-13T09:22:09","modified_gmt":"2020-02-13T09:22:09","slug":"shift-towards-cashless-payments-in-odoo","status":"publish","type":"post","link":"https:\/\/webkul.com\/blog\/shift-towards-cashless-payments-in-odoo\/","title":{"rendered":"Shift Towards Cashless Payments in Odoo"},"content":{"rendered":"\n
\"cashless<\/a><\/figure>\n\n\n\n

Nowadays, people don\u2019t need to keep their pockets stuffed with cash each time they wish to shop. Most of the population find it convenient to pay online for their orders. <\/p>\n\n\n\n

With the growing awareness; both the customers as well as vendors believe in cashless payments. <\/p>\n\n\n\n

Cashless payments are not only hassle-free but also helps you to keep track of your day to day transactions. Online Payments have boosted up the speed of payment flows worldwide. Hence, it is right to say that the world is following “Go Cashless” Trend!<\/p>\n\n\n\n

If we talk about managing heavy transactions with cash then it is not wrong to say that it is next to impossible. In such cases, people have to rush to banks. 
<\/p>\n\n\n\n

What a hectic task!<\/strong><\/p><\/blockquote>\n\n\n\n

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No need to worry about the changes; even if you want to transact with little amount. <\/p>\n\n\n\n

Pay or receive the large amount online; so, no worries about the burden of the cash.<\/p>\n<\/div><\/div>\n\n\n\n

<\/div>\n\n\n\n

5 Stats Proving that the World is Opting Online Payments <\/h3>\n\n\n\n

1) According to Capgemini<\/a>, Sweden is predicted to become the world\u2019s first fully cashless society by 2023.<\/p>\n\n\n\n

2) Fintech predicted<\/a>; Australia is to be a cashless society by 2022.<\/p>\n\n\n\n

3) As stated by Google and the Boston Consulting Group<\/a>, the digital payments industry in India is estimated to reach the US $500 billion by 2020, contributing 15% to India\u2019s GDP.<\/p>\n\n\n\n

4) As per a report by Square up<\/a>, Canadians believe in “card first\u201d when it comes to making payments.<\/p>\n\n\n\n

5) According to Xpress Money<\/a>, UAE is likely to see increased cashless transactions by 2020.<\/p>\n\n\n\n

What are Online Payment Methods?<\/strong><\/h3>\n\n\n\n

To put it in simple words, Online Payment Method is a web-based method used for economic transactions. It allows you to make payments or accept payments with the help of online means. <\/p>\n\n\n\n

It becomes really difficult to manage transactions via cash for the businesses. Especially, when talking about large businesses then it is practically impossible.
<\/p>\n\n\n\n

Your business has other important things to manage; hence, it is better to choose a hassle-free way for economic transactions.<\/p>\n\n\n\n

Online Payment Methods are not just for online stores; but, these methods are spreading rapidly to offline shops and restaurants too. Even, the online payment methods allow customers to scan, tap and pay. <\/p>\n\n\n\n

Such an easy way to pay!<\/p><\/blockquote>\n\n\n\n

Benefits of Online Payment Methods<\/strong><\/h3>\n\n\n\n