Among those aged 25 to 34, the figure rises to more than one in six (17%), said the banking body UK Finance. It defined an almost cashless existence as when people either make one cash payment per month or none at all. Meanwhile, the number of contactless payments made in the UK surged by 31% in a year to reach 7.4bn in 2018. This was down from 60% 10 years earlier, and UK Finance predicted that by 2028 the figure would have fallen to just 9%. In March this year, a review concluded that more than 8 million UK adults would struggle to cope in a cashless society.

Source: The Guardian June 06, 2019 12:56 UTC