MOSCOW (Sputnik) — Cash will gradually fall out of use, Russia's Sberbank CEO Herman Gref said on Wednesday.
"[Cash] will increasingly become an obsolete mean of payment," Gref said.
Decommissioning cash is a long process, he said, adding that cash willstill be used in the foreseeable future.
In May, Gref said that in 2017 Sberbank will introduce voice-biometric recognition technologies to replace plastic cards.
