Sooner rather than later carrying cash around with you is going to be a way of the past. According to Mark Bolsom a business development director at Moneymailme “Consumers want to pay in the most convenient way for them, so with debit and credit cards so easy to carry around, and with the growing popularity of e-wallets, holding cash is simply not at the forefront of consumers’ minds any longer.”

Canada came in at the top of the list of the top cashless countries as the average Canadian carries two credit cards each, instead of having high levels of contactless cards. In Second came Sweden “Sweden is proof that a move to a cashless economy is not just a concept but very nearly reality. With electronic payments making up 95 percent of all retail transactions, it’s clear that in no time at all Sweden will have phased out cash altogether.” Bolsom Said.

To learn more visit realbusiness.co.uk for the full article. And read Mark Bolsom’s article on why it’s time to adapt to the cashless economy.

You can take a look below to see how the rest of the top 10 came out.