Worldwide Mobile Wallet: a Futuristic Cashless System

The Cashless system is the latest breakthrough for payments method, where the use of physical money is no longer used and replaced by virtual cash. There are many types of cashless systems such as the use of mobile banking, credit cards, online wallets, etc. that can be used to replace the use of physical money. There are several conveniences from cashless system which hopefully can help the economic sector handle some of their problems, such as the ease of conducting transaction on daily basis, reduce the burden of the cost of printing currency, tracks the movement of money easily, and it also expected to reduce the amount of corruption because the entire digital financial process is carried out transparently, where money that has been used can be traced back more easily than when using physical money, and lower transaction cost [1]–[4].