Once upon a time, on my birthday, I would open a card from my Granny, who lived on the other side of the world, to find a cheque for £50. Yep, that’s right, a piece of paper with writing on it. This would then be taken to the bank and transferred to cash. And don’t get me wrong, a trip to the bank when I was 6 was actually exciting.
We have grown older and technology has grown with us. We watched our parents swipe a card, chuck in a few numbers and walk away, bags in hand, and wonder WTF!?
Little did we know, that one day, standing behind someone who Swiped, Selected Credit and Inserted a 4-didgit pin, would become one of life’s most frustrating moments.
Hello, Pay-Wave or Tap & Go, call it what you want, its quick, easy and you don’t need your parents pin. Life’s a dream. But wait, now the person in front of me literally doesn’t have a wallet… nor a card… ok now he’s holding his phone on the machine and walking away??
Apparently, wallets have become a novelty and everything it holds can or will soon be able to be stored in your phone.
So Elliot, what’s the point of this. Well, how far is technology going to go.
Just recently, KFC in China has launched the technology that allows consumers to ‘Pay with their Smile’ J. Obviously there a catch, and KFC wants you to register to the app and of course, there’s further security involved. But is this sign of things to come?
Smiling or giving the thumbs up to simply pay for your coffee. Or even further, might there be voice recognition when you grab your next Happy Meal.
I don’t know about you, but every time there is an improvement in the way to pay for something, the value of money becomes less. It almost feels too easy to wave my card, while not seeing the physical cash, making me feel like I’m not spending much at all, until I nervously check my bank balance.
Have these advances in technology made you spend without thinking?
Is this making it easy to spend money online?
What might be next?