Brits are not ready for a Cashless society

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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The cashless society from an ethical point of view

The debate about the move towards a cashless society has been at the center of the scene for several years, now. Various angles have been taken by economists, politicians, banking institutions and sociologists. Beyond the technicalities of the debate, lies the question of freedom, of inter-citizen solidarity and of governmental responsibility. The debate cannot remain in the hands of financial specialists, it is first and foremost an ethical, political and societal issue.

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