Digital payments and cashless society

We, the social beings of the modern society have a tendency of taking things for granted. Like most things, we have taken technological advancements in the society for granted. Without spending enough time on understanding the long term consequences of these advancements or the philosophies underpinning the evolution.

Fernando Montoro, a friend, philosopher and guide, takes us on a journey from barter to bitcoin. However, this particular podcast episode centres around digital payment systems. We discuss the societal impact of digital payment systems. Some countries are well set to go completely cashless within a decade. What impact would that leave on the society? Would that be fair to every strata of society? We also discuss in lights of the current conditions if some economies are well placed than others to go cashless.

What do you do if you find yourself in a foreign land with a pocket full of cash but no one accepting anything but digital payments? With such interesting stories from our personal experiences, this episode was full of wisdom, knowledge and fun facts. Hope you enjoy it.

Published by Sam Banerjee

I’m an AI and software engineering consultant who helps organizations design and deliver production-ready AI systems. I specialize in translating complex machine learning ideas into scalable, reliable solutions that work under real-world constraints. My focus spans AI architecture, applied ML, and system design, with an emphasis on model behavior, generalization, and operational risk. I work end-to-end—from problem framing and technical strategy to execution and deployment—bringing clarity, rigor, and pragmatism to AI initiatives.

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