SIDNEY: A study revealed that all types of deal in paper money will be finished within 10 years. Modern banking system has introduced debit and credit cards to avoid deal through paper currency. Experts said that cash system will transform on to card system within 10 years.
International Journal of Electronic Business survey revealed that 82 percent transactions were made through cards in Australia. Survey says that people will not be needed to carry cash or wallet in future. The will have to just remember their ID while holding any deal or shopping. The report stated that transactions will be made through smart phones and e-banking in future.
