By John Glenday

A landmark moment for the economy could occur within weeks when economists predict that digital transactions will overtake the exchange of notes and coins for the first time.

Analysis seen by The Times newspaper suggests that the pivotal moment could be reached in the UK as early as March on the back of a surge in demand for contactless credit cards and bank transfers.

This growth has seen reliance on hard cash steadily diminish in recent years, in lock step with digital alternatives.

Illustrating this change the Payments Council calculate that 400m fewer cash transactions will be conducted this year than in 2014. Read full story ›

Source: The Drum