A debate has grown in recent years about whether or not smartphones are replacing our wallets. With the rise of mobile payment services and banking apps, it’s becoming less and less necessary to use cash or even credit cards to manage our money. But does a rise in tech-based transactions mean that commerce as we know it is changing forever?
We examine the current consensus of technology experts – as well as mobile banking trends from the last 6 to 12 months – to seek an answer.