In the US, 80% of consumer spending no longer involves physical dollars, while in Britain cash use has dropped 14% in the last five years. What is driving this shift towards a cashless society? And how will we spend and manage money in the future?

Apple is hoping that Apple Pay, a tap-to-pay service integrated into the iPhone 6 and Apple Watch, will help it dominate the $79.2 billion-a-year digital payments market. But can Apple succeed where so many have failed before, and truly replace our wallets with our phones?

With the release of Apple's iOS 8 in September 2014, Touch ID - the fingerprint sensor functionality on iPhone 5 and 6 - is coming to the forefront. As well as adding an extra layer of security, some brands are seeing the sensor as an opportunity to enhance m-commerce.

London has over 20,000 black cabs and many people use public transport to get around the city. But it’s frustrating having to make an ATM detour if you’ve not got enough cash to pay the driver. Well fret no more – London's black cabs are rolling out cashless payments.