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Don’t bank on a cashless food industry

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Canadians' food transactions are becoming more digitalized, and the rate people are moving away from using cash is phenomenal.

According to a recent survey by Payments Canada, 42 per cent of consumers use cash fewer than four times a month when purchasing food, compared to 20 per cent who did the same a year ago.

And there has been a lot of talk about Amazon Go's cashier-less model in the United States. It will come to Canada at some point.

However, little attention has been given to how a cashless world could affect how we shop for food in the future.

It's convenient and easy. Let's face it, as soon as possible, most us want to leave the grocery store and enjoy our food.

The changing marketplace offers an ideal exit scenario form cash. So more and more consumers are going cashless, with the industry playing along.

This doesn't sit well with everyone, though. San Francisco lawmakers are considering a ban on cashless stores, as are those in New Jersey and Philadelphia. They contend that cashless stores........

© Peterborough Examiner