The Death of Cash

Both globally and in the US, the payments ecosystem is evolving.

Two related trends: the slow death of cash and the fast rise of digital payments, are transforming how consumers, businesses, governments, and even criminals move money.

Annual global non-cash transactions are expected to pass the 1 trillion milestone by 2024. This major transformation is being propelled by several factors, including increased usage of digital wallets, more small vendors adapting to accept credit cards, and the explosive growth of mobile commerce.See the rest of the story at Business Insider

See Also:

• 86 400 cut the maximum interest rate on its high-yield Save account
• Amex expands buy now, pay later solutions to more cardholders
• Apple looks to keep up with Samsung by acquiring point-of-sale solution Mobeewave