Hi-tech hope for end of wallets
Around four in 10 Britons (42 per cent) believe innovations in technology will enable them to do away with their wallets by 2025, a survey has found.
The Payments Council’s findings also suggests that mobile payments will become an increasingly mainstream option, with seven out of 10 expecting to use this method in 13 years’ time. Half (51 per cent) of the 4,000 adults surveyed expect to be able to pay by scanning their thumbprint by 2025.
Dr Ian Pearson’s report for the council also suggests that digital jewellery such as rings or badges could be used to transfer money or authenticate a payment.