According to the World Payments Report, non-cash transactions grew by 10.5% last year and they accounted for more than 522 billion transactions worldwide. That figure is likely to be much higher this year.
But Ireland still has a way to go to adopt cashless technology. Petula Martyn endeavours to find out if we will become, and do we want to become, a cashless society.
MORNING BRIEFS - Passenger numbers at Ryanair rose by 6% to 12.6 million in September despite strike action in five countries. Shares in the airline slumped yesterday after it cut its forecast for full-year profit by 12%.
*** The CEO of Toyota Europe has warned that Brexit without a deal would impact the firm's investment decisions. Johan van Zyl said the reason car manufacturers are in the UK is because they can export to the European market duty free. Many carmakers in Britain have warned a bad or no Brexit deal would be damaging for the UK car industry.
*** Ireland's economy could benefit to the tune of €27 billion in the long term by supporting people over 55 to continue working, according to research by PwC. Iceland, New Zealand and Israel are the OECD leaders in boosting employment rates among older workers. The current employment rates for workers aged 55-64 in Ireland is 56%.
*** Three restaurants in Cork are amongst 14 Irish restaurants awarded a coveted Michelin Star. The three Cork recipients are the Japanese restaurant Ichigo Ichie in Cork City Centre and two West Cork restaurants - Mews in Baltimore and Chestnut in Ballydehob.