Cashless society: is it on the cards?
Stuart Neal, head of UK payment acceptance at Barclaycard
The life expectancy of cash has been a highly debated topic. For a long time retailers have been denying that a cashless society is drawing closer. However, the Payments Council recently predicted that cash payments would account for fewer than half of all transactions within just five years, with the amount that consumers spend on cards increasing fourfold in the last decade.1 Indeed, for retailers and consumers alike, cash is increasingly becoming more of a burden than a straightforward form of payment. The cost to retailers of processing it is huge, queues become uncontrollable as customers fumble for change in shops, and having to remember to get cash out from an ATM just becomes another thing to think about in consumers’ busy lives.

























Keeping Ahead of the Mix!
A Tapestry of Many Cultures and Cuisines
Carefully Made Butter in Caerphilly
Passionate, Dynamic and Results Oriented
The ‘New’ Eclipse