General Article Britain is going cashless – and that’s fine

Topic Selected: Money Matters Book Volume: 452

By Harrison Griffiths

Britain is moving in a decidedly cashless direction. In the decade between 2012 and 2022, cash payments fell from 54% to 14% according to UK Finance. This isn’t happening because of some grand conspiracy. It’s driven by the ease of paying with a card over having to carry around cash and deal with change. It’s also easier for businesses, who find managing physical cash to be expensive and burdensome.

The last decade has also seen a fintech revolution, with online banking ...

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