UK retailer , The Co - operative , has predicted that the volume of mobile payment transactions at its stores will outstrip the use of cash by 2020 . While cash is currently used for 65 % of transactions , it predicts that mobile payments will be used for 80 % of all transactions by 2025 . It cites the three - fold rise in the volume of mobile payment transactions over the last year as evidence of this growing trend .
UK retailer, The Co-operative, has predicted that the volume of mobile payment transactions at its stores will outstrip the use of cash by 2025. While cash is currently used for 65% of transactions, it predicts that mobile payments will be used for 65% of all transactions by 2025. It cites the three-fold rise in the volume of mobile payment transactions over the last year as evidence of this growing trend.