So the days of physical cash are numbered, this we know. But its only recent replacement might already be on the back bench. I am starting to get the same feeling about this new way of payment as I am about how the storage drive/USB killed the blue ray.
What I am talking about is the new mobile payment method. You might be thinking that I am talking about the transfer of money from one account to another by use of mobile banking app. However, this is not what I am talking about. According to ING and Rabobank of the Netherlands, this new method of paying with your mobile in store is dramatically on the rise. To show you exactly what I mean, have a look at the image below.
This new technology allows you to use your mobile device like a bank card with integrated payment chip. This can finally solve the problem of bulky wallets. Banks want to push this new tech as a means of centralizing all your banking tasks. You will now be able to do everything that needs to be done with regards to your banking, via you mobile phone.