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Great idea.  Plastic cards are being replaced by digital contactless alternatives, but in the meantime, why not lessen their impact?

John Cryan the then CEO of Deutsche Bank (who commisioned this research) tweeted in Davos in 2016 that cash will be gone in 10 years: 

Cash, I think, in ten years’ time probably won’t exist. There will be no need for it: John Cryan  http://wef.ch/1ny9SBa   #wef #futurefinance

This article poses a very different view.  Both are clearly wrong.  Nothing is here to stay.  Nothing.  It's not a question of whether cash will go, but when cash will go.  10 years?  No.  50 Years? In some countries, yes.  In 100 Years?  Probably.

To say that cash is here to stay is as ludicrous as saying that cash will disappear by 2016.  IMHO

Number of customers will always outnumber active customers and this definition of active is the strictest (1 month).  But even then, 14% is a very low active rate.  That compares to the worst prepaid programmes I have seen.  By the way I had to look up the word "spruik".  Never heard of it before!