Are we headed to a cashless society?
Sep 22, 2020
3 minutes
WORDS: SASKIA MURPHY, LIANNE LA BORDE.
Cash hasn’t been king for a long time. Since the rise of contactless cards, online shopping and digital payments, we’ve been hurtling towards a world where spare change doesn’t exist.
In the past decade, cash transactions have dropped from 63% of all payments to 34%. If this decline continued on its current projection, it would mean Britain becomes cashless by 2026.* And the coronavirus pandemic has only speeded up this
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