Despite the rise of contactless payment cards and the furore over the new £5 notes made from animal fat, cash isn’t going anywhere.

We’re all familiar with the awkward situation: you’ve paid for something at the till, the cashier hands you back your change - coins and notes - all at once, there’s a queue of impatient, grumbling shoppers behind you, and you’re frantically trying to put your money away - coins in the zip pocket of your wallet, notes in the notes section - without dropping anything.

It’s a struggle.

But an ingenious new wallet looks to have solved this problem and done away with awkward till fumbling altogether - the Kin wallet automatically sorts your coins from your notes.

You drop your notes and coins into the large pocket of the wallet, give it a shake, and the coins are separated into their own compartment - because of the way the pocket is sewn, they can’t get back either.

The wallet was created by three young female designers from Singapore and is soon to become a reality after their crowdfunding target was reached.

After just a month, Kin had raised over £155,000 thanks to nearly 5,000 backers, thus smashing its initial target of £2,215.

The creators are currently trying to get the wallet patented so the design remains top secret for now.