Is this the beginning of the end for cash?
As consumers have increasingly used credit and debit cards and made purchases online and on apps, they’ve used less and less cash; in 2016, consumers will spend a greater amount on cards than they do with cash for the first time, according to the market-research firm Euromonitor International, which has been tracking consumer payments over the last several decades.
In 2016, consumers worldwide will spend about $23.2 trillion in card payment transactions and $22.6 trillion in cash.
