June 17, 2019

Next Generation to be Born into “Cashless” Society

NexGen techies

According to the Forrester research group, children born today will be the world’s “first cashless generation” and will prefer their smartphones over their pocket wallets in making payment transactions. The target date for this transition: 2016.

According to Carl Scheible, PayPal’s managing director in England, “By 2016, you’ll be able to leave your wallet at home and use your mobile as a 21st-century digital wallet. We’ll see a huge change over the next few years in the way we shop and pay for things.

– International Business Times, London, Nov. 24, 2011