Cash is being used a lot less in the UK

Even before the outbreak of Covid-19, the UK was set to become a cashless society with more people using online payment solutions. Now, since the pandemic began, the use of cash has even more decreased. Following media reports that fiduciary money may aid the spread of the disease, there has been a shift in behaviour. Retailers are not accepting cash and customers are opting for digital services. In fact, 63% of UK consumers revealed that they will be using contactless payment technology more in the short term due to health and safety concerns.

Most retailers are no longer accepting cash