This article first appeared in the Payments, Payments, Payments newsletter – read, subscribe and share: northeypoint.substack.com/welcome

The start of lockdown in March 2020 saw the use of cash in the UK halve in a matter of days. Has this begun a move towards becoming a cashless society? What are the benefits, opportunities, and concerns of such a change?

It may not be long before we look at a £5 note the way we now look at a VHS, and it will be interesting to see how the trend shifts or sticks during the easing of lockdown. In the long term it will be interesting to see whether there will be a wholesale shift to a cashless society or a gradual decline in cash use.

Imogen Jones, Collier Bristow

Read: Imogen Jones, Is the post COVID-19 world a cashless one?

This article first appeared in the Payments, Payments, Payments newsletter – read, subscribe and share: