A SIMPLE GUIDE TO TRAVELING CASHLESS IN THE 21ST CENTURY
The World Tourism Organization (UNWTO) states that the international tourism economy continues to outpace the global economy. We can see this growth even in everyday life, as overseas travel, studying abroad, medical tourism, and solo tripping have become the norm.
One fascinating phenomenon gripping the tourism world is cashless traveling. Cashless traveling means people indulge in national or international mobility using or operating credit cards, debit cards, touch payments, and other electronic systems. But, as the name suggests, the utility of physical money is limited or close to none when you decide to travel cashless.
HOW TO PREPARE FOR A CASHLESS TRAVELLING ADVENTURE THIS SEASON
The future of money is, undoubtedly, cashless. And, so, too, are our travels. With umpteen benefits, such as cashbacks, reward points and convenience, the reasons for the rise of cashless traveling are backed by practical reasons. So, how do you prepare yourself for the cashless revolution in travel? Let us find out!
- Evaluate the ‘Cashlessnes’ of Your Travel Destination – Although the cashless economy has become a buzzword, accommodating this new normal is a privilege that not every country has entirely been able to adapt to. There are disparities, as some countries are advancing in the latest cashless technologies, and their citizens and institutions have all adapted to the phenomenon. However, other countries are not updated, and their tourism sector heavily relies on physical money. In addition, you might come across specific travel destinations that accommodate credit card-only travel. In simple words, knowing your destination is the key to determining the possibility of cashless traveling.
- Carry More Than One Card – It is optimal and intelligent to carry more than one type of credit card. The wiser strategy is to keep an international travel card in handy. You should remember that not all cards are universally accepted, and even renowned cards are declined sometimes. Therefore, having alternatives goes a long way. Moreover, you should also notify your credit card company of your travel plans, as they may help eliminate the hassles of a declined credit card. Lastly, it is always best to keep some cash as a backup to keep irksome situations at bay.
- Secure Your Cards – Digitally and physically, it is imperative to secure your credit cards and other alternative payment methods before you venture out cashless on the trip of your lifetime. Remember to ensure that mobile payment options, such as Apple or Google Pay, are secured with a unique and strong password. Avoid using the same password for different sites and reasons.
- Prepare Yourself for Any Situation – Cashless traveling saves you from a lot of troubles. For instance, the robbery of physical cash in a foreign country is almost impossible to recover. However, fraudulent activity on your credit card and charges are more easily caught and refunded when using a credit card. Nevertheless, it is always advisable to prepare for the worst. Therefore, you should know how to contact your credit card company quickly if it is stolen. For instance, you can download the card provider’s app on your phone for quick access or save the company’s toll-free number on your phone.
So, there we have it, a simple guide on preparing for cashless traveling in today’s day and age.
Also Read - Top Tips for Card Charges While Traveling Abroad