Bulletin

Brits think cash will disappear within 10 years

Notes - A third of Londoners believe that cash could disappear - SantanderCB

One Poll/Starcom research shows that a third of Londoners believe that cash could disappear altogether within the next 10 years, whilst 73% of all Brits anticipate that they themselves will not be using cash five years from now, with contactless and mobile wallets coming into use.

However, the study also found that almost half of respondents are concerned that a cashless society means they will struggle to maintain control of their finances and savings.

More than half of Londoners also felt that cashless transactions were less secure, whilst in the East Midlands the issue of security was an even greater concern, with 70% of those polled seeing it as an issue.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

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