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Many industry experts believe that the future of payments lies in the Mobile Phone, but what does this mean for Cash and plastic? RFi’s latest payments report shows the value of cash transactions has fallen to just 16% of total transactions, although by volume, cash payments still dominate. There can be no doubt that the payments landscape has and will continue to change dramatically. With rapid innovations Mobile Payments, NFC, PayPal and Contactless this report looks at the key trends in market to give some insight on the future of payments in Australia. A recent RFi study captured every payment made during the course of a week for over 1000 people across cash, credit and debit. Using these findings as well as drawing on the opinions of key industry experts, the Future of Payments report provides a picture of the current payments landscape and looks at how consumer’s payment behaviour and emerging technology will shift this view going forward.