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Cashless Experiment Takes Place in Great Britian

Sunday, June 22, 2014 | Worthy News / World News

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MANCHESTER, UNITED KINGDOM (Worthy News)-- In a social experiment, all vendors along a street in Manchester will only accept cards as payment for a day. Within 20 years, some experts predict transactions with physical currency will cease to exist.

Helen Dickinson, director general of the BRC, said: "Customers are taking advantage of new ways to shop and pay. The availability of contactless cards, handy express stores and self-service tills, as well as online sales, has increased the use of debit cards for smaller payments in place of cash."

Mark Latham, product and innovation director at Handepay, the card payment provider behind the idea to trial a cashless high street, added: "Britain is at the forefront of countries heading towards becoming cashless because the public are always eager to embrace new technology.

"Recent research showed most Londoners would welcome a cash-free society as they're so used to paying for everything with cards. -- Source

Related News on the Internet
Israel Approves Plan Toward Becoming World's First Cashless Society - Worthy News
A special committee headed by Prime Minister Benjamin Netanyahu’s chief of staff, Harel Locker, has recommended a three-phase plan to all but do away with cash transactions in Israel.

Chorlton traders say no to cash - for one day only - ITV
Shoppers on one street in Chorlton are being given a snapshot of a cashless society as retailers spend the day trading entirely without notes or coins.

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