What will the future of money look like? #Infographic

Published by Web Desk Wednesday, March 16, 2016

What will become of our wallets? Predictions about what lies ahead for money are mixed. A few mainstream forecasts state money could remain a permanent feature of wallets, decline into relative obscurity or move entirely online.

With the introduction of Apple Pay, and the imminent arrival of Samsung Pay and Android Pay, there is doubt as to how long cash can hold on to its place in our wallets.

Contactless payment systems are going from strength to strength. Transport for London’s early transition to contactless was an immense success and a country-wide roll-out seems firmly on the cards.

The forecast seems fair, but to put these predictions into perspective we spoke to Head of Innovation at MBNA, Gary Watts, to get his thoughts on whether these conclusions are based on speculation or science – his thoughts are captured below.

Infographic by: www.mbna.co.uk

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