This Bloomberg article explores how the “post-millennials”, the generation that will make up 32% of the global population by 2019, might put malls, cash, print magazines and even the NFL in mortal danger.
“This generation has grown up with a mobile device that is also a payment device,” said Stuart Sopp, chief executive officer of Current. “They are going to accelerate the adoption of the digital economy because digital payment is native to them.” Retailers are also moving toward cashless payments. And Sweden, Denmark, Norway and Singapore have made various efforts to move toward a digital economy—pledging to eliminate check usage and slash cash withdrawals from ATMs.