Pizza chain Domino's is the latest mainstream retailer to try out cashless payments, rolling out a new 'Tap & Take' model at five of its outlets in Australia.
Domino’s Australia and New Zealand CEO Nick Knight says the trial stores will ditch cash as an option and instead accept only credit card, debit card, eftpos and mobile/apple watch in-store and for online delivery.
“With the growth of tap-and-go payment systems and mobile payment technology, use of cash is slowing and we’re seeing that right across our network," says Knight. “We’re now heading towards a very real future where the legal tender could be solely electronic, so it’s important that we remain digitally agile and continue to meet consumer demands.”
He adds that the move will also increases employee safety, with zero cash being held on the premises or carried by take-out drivers.
Editorial | what does this mean?
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.