c-card-RTSB1YJ-Kai Pfaffenbach

Most people in the UK say they are not ready for a cashless society

21%

Only about two of every 10 people in the UK say they would go completely cashless if they had the choice.

Published   |  Photo by Reuters/Kai Pfaffenbach
c-card-RTSB1YJ-Kai Pfaffenbach
21%

“If it were up to me, I would go completely cashless”

c-card-RTSB1YJ-Kai Pfaffenbach
21%

Privacy is one of the main reasons Brits prefer physical money. Ditching cash is more popular in other European countries, but the share of people saying they would go completely cashless is below 42%.

c-card-RTSB1YJ-Kai Pfaffenbach
21%

Even still, in 2014, for the first time, the share of British consumers and businesses using electronic payments surpassed the share of people using cash 💷.

c-card-RTSB1YJ-Kai Pfaffenbach
21%

Though they are not ready for a cashless society, the idea is slowly getting more popular, with countries like Sweden 🇸🇪 leading the way to cashlessness.

Published

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