For many broke Britons it may appear as if that day has already arrived.
But around four in 10 people (42%) believe innovations in technology will enable them to do away with their wallets by 2025, a survey has found.
The Payments Council’s findings also suggest mobile payments will become an increasingly mainstream option, with seven out of 10 expecting to use this method in 13 years.
Just over half (51%) of the 4,000 adults surveyed expect to be able to pay by scanning their thumbprint by 2025.
Ian Pearson, who produced a report for the council examining the possible future of payments, said security concerns could limit the possible use of this as it is relatively easy to get hold of someone else’s