Cashless Payments Make You Spend More: Research

Researchers recommend consumers carry cash instead of cards whenever they can, as it acts as a self-control method.

This illustration picture shows debit and credit cards arranged on a desk in Arlington, Va. on April 6, 2020. Olivier Douliery/AFP via Getty Images

Consumers tend to spend more money when using cashless payment methods rather than traditional cash, Australian university researchers revealed.

The findings were published in the Journal of Retailing following an analysis of 71 research papers from 17 countries that included data from 11,000 unique individuals.