General Article A cashless society: what are the pros and cons?

Topic Selected: Money Matters Book Volume: 452

Are we heading for a cashless society in the UK? The pandemic accelerated the move towards contactless and digital payments, but what are the pros and cons?

By Kate Morgan

The move towards electronic and contactless payments has been gaining momentum for some years, but increased rapidly during the pandemic, to minimise unnecessary physical transactions.

Many assume we are inevitably becoming a cashless society, but is this true – or a good thing? 

Here we explore the pros and cons, impacts a...

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