For all of us who have been tom tomming electronic money, digital payments and mobile payments, this report by the British Retail Consortium is a bucket of cold water splashed on our face! See
This report actually says that cash usage in UK has gone up and going strong! Reticent consumers; burnt by credit card and other debt, appear to be playing safe and sticking to 'jingle' payments. So, all our enthusiasm to write off cash and sneer at anything
that isn't digital seems to be prematurely misplaced.
I also recommend this report by Mike Lee - CEO of ATMIA posted here -
Mike believes that cash will still dominate for at least another 100 years.
So, Cash even if not the King, will at least be a Princess courted by all of us!