IDEX executive says biometrics key to access as growth of digital payments causes fear

20 December 2018

The prospect of a cashless society is causing concern after a report suggested it could leave some communities behind, the BBC reports.

The Access to Cash report was led by former UK financial ombudsman Natalie Ceeney and sponsored by ATM network operator Link, and concludes that a cashless society would disadvantage rural communities with poor connectivity, people who struggle to use digital services due to physical or mental health problems, people with high debt levels attempting to budget their spending, and those in difficult or abusive relationships. It could reportedly also drive up prices for those unable to benefit from online services or direct debits.

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