Over half (54%) of British people admit to avoiding cash to pay for goods and services but – as high streets continue to push ‘card payments only’ policies and the ‘contactless’ card payment limit will more than double later this year – three quarters of people (78%) remain against a move to a ‘cashless society’.
With two million people still relying on cash for everyday spending, and the UK’s ‘unbanked’ population standing at one million, behavioural insight company SimpleUsability is urging the nation to be more mindful of those who may face financial and social exclusion.
The Bank of England noted in its quarterly bulletin that 42% of people had recently visited a store that would not accept cash. This backs up research commissioned by SimpleUsability, which appeared to support the rhetoric around a rapid move to a digital Britain.
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With two million people still relying on cash for everyday spending, and the UK’s ‘unbanked’ population standing at one million, behavioural insight company SimpleUsability is urging the nation to be more mindful of those who may face financial and social exclusion.
The Bank of England noted in its quarterly bulletin that 42% of people had recently visited a store that would not accept cash. This backs up research commissioned by SimpleUsability, which appeared to support the rhetoric around a rapid move to a digital Britain.
Read more
Behind Cashless Economy, Mass Surveillance?
