FinancialIT: One in 10 brits now live a largely cashless life, according to new UK Finance findings
One in 10 brits now live a largely cashless life, according to new UK Finance findings, amid a rise of contactless and mobile banking. Highlighting the UK is quickly progressing towards becoming a completely cashless society. While there’s no denying the UK is fast approaching a cashless society, there remain a number of barriers that threaten the UK’s ability to fully embrace this transition. From a lack of trust in mobile payment technology to a lack of accessibility for the poor or elderly.