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The end of cash? Cash withdrawals slump by £76m in Scotland during Covid crisis SCOTLAND'S use of cash machines has slumped by over a third during the coronavirus crisis leading to new concerns about the future of money. New analysis has revealed that Scots were withdrawing £76m less in 2020 than the year before, and seen the biggest 'per adult' drop in the amount of cash taken from ATMs believed to be linked to tougher Covid-19 restrictions. While the average Scot took out £1838 in cash in 2020, that is almost £900 less than in 2019, according to details provided by LINK, whic...

The amount Britons will be able to spend on contactless cards without entering their Pin could more than double to £100 under new proposals proposed by regulators. The Financial Conduct Authority said it would be 'seeking views' on whether to up the contactless limit from £45 currently as part of a consultation in recognition of 'changing behaviour in how people pay.' The move would mean British families would be able to pay for their average weekly grocery bill, £56.60 in 2019, or fill up a 55-litre Ford Focus, which costs around £65 now, without keying in the four-digit password. Grocer...

The end of cash? Cash withdrawals slump by £76m in Scotland during Covid crisis SCOTLAND'S use of cash machines has slumped by over a third during the coronavirus crisis leading to new concerns about the future of money. New analysis has revealed that Scots were withdrawing £76m less in 2020 than the year before, and seen the biggest 'per adult' drop in the amount of cash taken from ATMs believed to be linked to tougher Covid-19 restrictions. While the average Scot took out £1838 in cash in 2020, that is almost £900 less than in 2019, according to details provided by LINK, whic...

Diabetic man refused urgent food as study reveals almost a third of people blocked from using cash in shops More than a third of people buying goods in shops have been blocked from paying with cash during the coronavirus crisis. According to consumer wesbite, Which?, around 34 per cent of people reported being unable to pay with cash at least once when trying to buy something since March 2020. A survey of more than 2,000 people found they were most likely to have been refused the option of paying in cash when shopping for groceries, which accounted for more than a quarter (28 per cent)...

Third of people ‘blocked from paying with banknotes and coins during pandemic’ January 19, 2021, 12:02 am A third of people have been blocked from paying with cash during the coronavirus crisis, Which? said (Lynne Cameron/PA) More than a third of consumers have been blocked from paying with cash during the coronavirus crisis, according to Which? Some 34% of people reported being unable to pay with cash at least once when trying to buy something since March 2020. They were most likely to have been refused the option of paying in cash when shopping for groceries, which accounted for more t...