Credit card payments surpass cash worldwide for the first time ever

Is this the beginning of the end for cash? As consumers have increasingly used credit and debit cards and made purchases online and on apps, they’ve used less and less cash; in 2016, consumers will spend a greater amount on cards than they do with cash for the first time, according to the market-research firm Euromonitor International, which has been tracking consumer payments over the last several decades.
Read more: http://www.marketwatch.com/story/this-year-will-be-a-turning-point-for-cash-2016-09-26?source=Snapzu