Financial and Monetary Systems

Kenneth Rogoff: Why we need a 'less-cash society'

A customer conducts a mobile money transfer, known as M-Pesa, inside the Safaricom mobile phone care centre in the central business district of Kenya's capital Nairobi July 15, 2013. To match Insight AFRICA-MOBILEMONEY/  Picture taken July 15, 2013.

Cash facilitates crime because it is anonymous. Image: REUTERS/Thomas Mukoya

Kenneth Rogoff
Maurits C. Boas Chair of International Economics, Harvard University
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 Number of Cashless payments worldwide by type
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