Smartphone creates competition for cash. A new payment method has appeared recently. Now you can throw away the usual paper bills. There are two payment technologies. This is a payment using QR code and NFC technology. QR code is very popular in many countries. Firstly you have to scan the code, and then confirm the payment. QR-code is not very popular in Ukraine, because the necessary servers were not created. Only PrivatBank’s customers can take advantage of this opportunity. What about NFC payments, owners of smartphones with the Android operating system can download a special Google Pay application, and iPhone owners need to download ApplePay. After that, you have to attach the application to the bank card. The QR code has more advantages and there is supposition that in the coming years this system will be very popular.