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Cash still accounts for £36bn on UK high streets
Although pressures on the UK high street are manifold, retailers are taking up the mantle to keep the UK high street in pole position as Britain’s favourite shopping environment. According to “The Value of Cash on the UK High Street” survey, published by independent ATM operator Cardtronics UK and conducted by market research firm Populus, [...]
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Four in ten won’t need cash in ten years time
The latest research from Lloyds Bank on the future of payments shows many people believe they won’t need cash in the near future as they increasingly turn to cards, contactless payments and other new technologies. Over four in ten (43%) agree that contactless payments are the future, whilst a quarter (25%) think that in five years’ [...]
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Cash remains king for consumers
Annual figures from the Bank of England show the British public retains a stubborn attachment to paper money, despite rapid innovations in higher-tech methods of payment such as contactless cards or mobile wallets. The total value of banknotes in circulation jumped 6% last year, led notably by demand for £20 notes, which comprise about two-thirds [...]
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