Article preview: Cash has been on the decline for years, with a greater reliance on card and digital payments. The ease and convenience of contactless payments has helped to accelerate the decline of cash, with tap and go payment options especially popular during the Covid-19 pandemic. In some cases, retailers have insisted on contactless payment methods, to avoid handling cash which is potentially carrying the virus. A new study has found that 51% of UK adults say they are now much less likely to use cash as a result of the pandemic.
Less likely to use cash
This 474-word blog post looks at the declining use of physical cash, accelerated as a result of the Covid-19 pandemic. Shares findings of research from Marcus by Goldman Sachs. Written on 11th November 2020.
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