According to a recent survey by PayPal, in five major global markets, “at least 3 of 4 respondents said they wished they didn’t have to carry their wallets around with them.” This survey shows that nearly one in three Americans (29%) would choose a smartphone over a wallet if they could only bring one item when going out.”

So many consumers ‘are ready for the day when the notion of carrying around a bulky wallet to pay for things will seem antiquated’. Are we on the cusp of a transformational moment as to how consumers will make every day financial transactions?

Some businesses are seeing ‘a real opportunity to make people’s lives easier … and the opportunity to make their shopping experiences more seamless, connected, friction-free and intuitive.’ What do you think? Is it time to ditch your wallet? Please share your comment with us.

For more details on this PayPal survey, please go to their blog site at: