The Real Impact of a Cashless Society
If you are one the 4.3 million tipped service workers who relies everyday on cash-based tips, a cashless society means that your take-home earnings are decreasing. The reality: It is becoming even harder for service workers to make a living wage from a minimum wage.
80% of those workers are women. If we increase women's earnings, it goes directly into the economy. Women are responsible for 80% of spending on food, home, clothing, children, education. We want to turn that around for tipped service workers. Research has found that providing customers with a mobile payments option increases tips by up to 30%.