The cashless society is in full swing.
Certain start-ups threaten to make ATMs obsolete, Apple's making a big bet on mobile payments, and American Express's CEO even declared that he doesn't fear the potential demise of plastic. Current trends seemingly point to a future with increasingly less cash floating around.
For certain countries, however, that future is close to becoming a reality, as a number of nations have shifted almost entirely toward nonphysical payment.
Based on the rate of cash-free transactions and the percent of the population that relies on a debit card, here is a look at the 10 countries leading the pack toward a nearly cashless economy.
—Nicholas Duva, special to CNBC.com
Posted 21 November 2014
Source: MasterCard "Cashless Journey" Report