Moving towards a cashless society

The move to a cashless society has been intensified by the pandemic, with a quarter of Brits (26%) saying they would favour a cashless society. This ranks the UK 14th in a recent poll conducted by MoneyTansfers.com.

Interestingly, India was the country most willing to go cashless, with 79% of respondents here saying they believe this would have a positive impact on their country. In second place was Malaysia, where 65% of those surveyed said they supported the move to a cashless society.

This news comes as experts have warned that half of the UK’s cash machines could close within two years, unless the banks are forced by regulators to support them.