The amount of money taken out of cashpoints has dropped by a third since 2019
Nearly half of people expect to see a cashless society in their lifetime, a survey has found. One in six people said they never carry cash on their person, a figure which is more than triple the 4% of people who said this in 2019.
In 2023, legislation was passed as part of the Financial Services and Markets Act, to protect access to cash. Consumer group Which? said the number of UK bank branches to shut their doors in the past nine years had reached the 6,000 milestone on Friday last week. John Howells, CEO of Link said: “Although the UK is on the way to becoming a low cash country, we now have legislation that will help Link maintain a national network of free ATMs and banking hubs and this will ensure that anyone needing to access cash can do so.
“People need cash for a wide range of reasons, and the barriers to using digital payments are very real.” She added: “We are certainly not ready to become a cashless society.”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stiliyan Petrov shares Celtic Euro dream that includes half and half scarfThe Bulgarian would happily don one of football fandoms most hated accessories.
Read more »
UK weather map shows where will get sunshine this bank holiday weekendIt's a half-full/half-empty weather situation for the long bank holiday weekend.
Read more »
UK weather map shows where will get sunshine this bank holiday weekendIt's a half-full/half-empty weather situation for the long bank holiday weekend.
Read more »
UK bank holiday weekend weather brings rain with warm temperaturesIt's a half-full/half-empty weather situation for the long bank holiday weekend.
Read more »
Plane explodes into debris mid-flight killing three passengersThe debris from the plane that broke a half mile stretched a half mile.
Read more »
Plane explodes into debris mid-flight killing three passengersThe debris from the plane that broke a half mile stretched a half mile.
Read more »