The use of cash continues to contract. Enthusiasts are quick to point out that the use of cash will vanish is a similar fashion as movie and music rentals were displaced by streaming services or photos gave way to the digital revolution. When it comes to cash, the situation is a bit more complicated. A study conducted in 2013, 85% of global transactions involved cash. The rate has arguably come down since then, but cash remains the cornerstone of finance in many societies. Emerging markets are quicker to adapt to using less cash as they operate in a system that is evolving with a younger population at the core.