elderly

In Japan, seniors are the main targets of card scams worth hundreds of millions of dollars. The police is proposing to limit the use of bank cards for people aged 65 and over.

A year ago, a Spanish retiree’s viral campaign showed how banking’s rampant digitalization (accelerated by the Covid-19 pandemic) has increased senior adults’ financial exclusion.

The U.K. government has endorsed the accelerated adoption of contactless payments during the Covid-19 pandemic, despite risks of fraud and contradicting its plans to ensure people have access to cash.

Age UK is deeply concerned that the headlong rush towards a cashless society is leaving some older people unable to pay their way. It joins a growing number of associations around the globe calling for universal access to cash.