Do we become less judicious while making payments through digital methods?You went to the mall to purchase things. You selected the items of your choice, put them inside the trolley and proceeded to the payment counter to pay. Now, the choice is yours whether to pay by cash or card. Nowadays many people use digital methods for payment and the use of debit/credit cards and mobile wallets are increasing day by day. Even for recharging the prepaid mobile with top-up vouchers, we use mobile wallets for paying the vendors. Though the tendency of using these digital transaction methods is more among new generation, the older generation is not far behind.
Many people of older generation think that using cards or mobile wallets rather than cash, for making payments, increase the tendency to spend more and people tends to care less about spending money while using digital payment methods. They think since you are not handling the cash directly, you are becoming less aware, psychologically, about the amount you spent. Members, do you agree that we become less aware of the amount spent while using digital methods for making payments?