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"Paying for something in cash elicits greater psychological pain than other modes of payment.
When people opt for other alternative modes of payment, they tend to hold less physical cash when they shop.
The McDonald's example, too, illustrates that when businesses change modes of payment, they change the face of our financial system.
According to MasterCard senior vice president Ed Olebe, more than a few retailers are looking for ways to enhance the traditional shopping experience with the sort of flexibility that digital modes of payment afford consumers.
They would keep their own council and keep things as they were, for example, methods of paying fuel bills and not changing to cheaper modes of payment.
This fact could be attributed to several factors including the TBAs' proximity to several villages, TBAs' respectful attitude toward the community and flexible modes of payment.
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Microsoft and Google haven't ignored cloud services any less than PayPal has ignored new modes of payments, and they have enormous advantages due to their scale to overcome any delay in their product offerings.
Today, fee-for-service remains the dominant mode of payment.
The intent, he said, has been "to push people into another mode of payment that would make it convenient for all the driving public to minimize the amount of congestion".
When Mrugank S., 33, an information technology professional in Bangalore, Karnataka, ordered five teaming carts of produce from Big Basket, an online grocery store, he chose "card-on-delivery" as the mode of payment.
Several readers say they claimed compensation for disrupted flights with Thomas Cook Airlines under European passenger-rights legislation (EC261) – and the settlement arrived in Thomas Cook vouchers, even though at no point had the mode of payment been discussed.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com