In the UK, the Commons Treasury committee warn that move to cashless society will hit elderly and poor

The government and regulators must be prepared to force banks to retain a physical network for the many vulnerable people who could otherwise be left with no access to face-to-face services, MPs have warned. The Commons Treasury select committee said in a report published on Monday that without government intervention, Britain risks “inadvertently becoming a cashless society”. Large sections of society — especially older people and those on low incomes — rely on bank branches and cash, despite the rapid shift towards online banking and contactless payments.

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In the UK, the Commons Treasury committee warn that move to cashless society will hit elderly and poor

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