The road to a cashless future is being paved by stand-alone apps, brands, and social platforms that are making mobile payments a reality for early adopting young consumers who want their transactions speedy, easy, and trackable.

The road to a cashless future is being paved by stand-alone apps, brands, and social platforms that are making mobile payments a reality for early adopting young consumers who want their transactions speedy, easy, and trackable. But cash isn’t dead just yet. According to a study by the Federal Reserve Bank, 18-24-year-olds actually reported using cash more than older adults, for nearly half of their purchases. While debit cards are still their favorite way to pay, many say they spend less when paying in cash because they “feel it more.” Millennials also expressed their eagerness to learn about handling money and their wariness of credit card plans. (NPR)