Why is Britain going cashless?

The latest cashless payments report from software recommendation engine Capterra shows that more than 50% of UK consumers are paying with digital wallets. The main advantages cited are convenience, with digital payments allowing people to leave the house without their bulky wallet.



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Cashless businesses face consumer boycotts as people claim it denies freedoms. Businesses that ask for cashless payments are facing backlash and boycotts from a section of the community that believes refusing to take cash is an infringement of their personal rights.

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Two-fifths of Americans used no cash in 2022 (Source: Pew Research) 11% of US adults have completely stopped using cash, up from 5% five years ago (Source: Gallup) The average number of cash payments fell from 26% in 2019 to 20% in 2021 (Source: Federal Reserve)

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