Vulnerable people, low-income families and rural communities could be left behind as cash falls out of fashion Dominic Lipinski/PACash is rapidly going out of fashion as we tap our contactless cards at the till but the speed with which we are embracing cards risks leaving millions of people behind, according to report published today. The ease of electronic payments means that cash use in the UK has halved in the past ten years and is forecast to halve again in the next decade. The report, Access to Cash Review, says: “If we move too fast towards a cashless society without a clear plan, some parts of Britain will face significant harm, and the overall impact on society will be seriously damaging. Almost half of the population — about 25 million people — would find living without cash problematic. But 17 per cent believe that it…

Source: The Times December 19, 2018 12:00 UTC