Visa Awards 50 Small Businesses $10,000 as Winners of the Visa Cashless Challenge
Restaurant segment continues to embrace the move toward a cash-free future, including cashless recommendation in new Fix Your Business book.
“Going cashless was a major key to helping our local dessert business activate at a large multi-day event in
Visa received entries from across
“When we launched the Visa Cashless Challenge, we wanted to inspire and inform merchants on the benefits and effectiveness of going cashless,” said
Momentum Continues Toward Cash-Free Future
Embracing digital payments can improve businesses’ bottom line and improve customer experiences, according to small business expert and author
“Small business owners across the country see true benefits in moving towards a world more reliant on digital payments,” said Emerson. “Whether it be reduced insurance costs, time saved not having to rectify drawers, or increased efficiency at the point-of-sale, going cash-free is a great way for small business owners to make their lives easier—something everybody needs.”
“We spend a lot of time counting and recounting cash. If time is money, cash is expensive,” said
Since the launch of the Visa Cashless Challenge in 2017, the restaurant segment has continued to embrace the move toward a cash-free future. Restaurants such as Dos Toros and Delaney Chicken have since transitioned to cashless environments.
To help small businesses become more digitally enabled, Visa will release research later this spring, which will look at digital transformation barriers and opportunities through understanding the ways U.S. consumers and small businesses conduct commerce, make/receive payments and the costs and benefits associated with these transactions.
“While we see a cash-free future on the horizon, we also realize the challenges that exist in making sure unbanked consumers have access to cashless payment methods and making sure the system is as inclusive as possible,” continues Forestell. “Visa is continuing to work with its partners on solutions that will help consumers and businesses prepare for the move towards a cashless future.”
For a full list of the Visa Cashless Challenge winners and how Visa is enabling the cashless movement, please visit www.visa.com/cashless.
|Cashless Challenge Winners|
|Oakland, California||San Francisco, California||Houston, Texas|
|Oakland, California||San Leandro, California||Bakersfield, California|
|Austin, Texas||Los Angeles, California||San Francisco, California|
|San Francisco, California||Claymont, Delaware||San Jose, California|
|San Francisco, California||San Francisco, California||Seattle, Washington|
|San Francisco, California||Philadelphia, Pennsylvania||Philadelphia, Pennsylvania|
|Philadelphia, Pennsylvania||San Francisco, California||San Francisco, California|
|Turlock, California||San Francisco, California||Cheltenham, Pennsylvania|
|San Francisco, California||San Francisco, California||New York, New York|
|Chico, California||San Francisco, California||New York, New York|
|Clovis, California||Lima, Ohio||San Francisco, California|
|Greenville, Alabama||San Francisco, California||Santa Monica, California|
|San Francisco, California||San Jose, California||Baltimore, Maryland|
|Portland, Oregon||Los Angeles, California||San Francisco, California|
|San Francisco, California||San Francisco, California||Portsmouth, Virginia|
|Philadelphia, Pennsylvania||Turlock, California||San Francisco, California|
|San Francisco, California||San Francisco, California|