The Digital Economy

The benefits of a cashless society

More people around the world are paying with mobile wallet instead of cash.

We're shifting toward a cashless society, with potential for enormous socio-economic benefits for both developed and developing countries. Image: Jonas Leupe/Unsplash

Mehul Desai
Group Chief Technology Officer, Finablr
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China leads the way in adopting mobile payment options. Image: Statista
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Related topics:
The Digital EconomyDavos 2020Fourth Industrial RevolutionTechnological TransformationEmerging TechnologiesMobility
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By 2028, just 9% of all payments will be made in physical currency – but we may miss it

Richard Gendal Brown

September 26, 2023

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