United Kingdom

HSBC’s mobile and online services were out on Friday, November 24, causing dismay among customers relying on digital banking channels to conduct everyday transactions.

Despite the proliferation of digital payments, cash is still the second most used payment instrument in the United Kingdom, as 58% of British customers use it regularly.

Despite the proliferation of digital payments, cash is still the second most used payment instrument in the United Kingdom, as 58% of British customers employ cash regularly.

The proliferation of digital payments assumes everyone has a bank account. As it turns out, I was unbanked for over two months in the United Kingdom

While digital payments prevail in England, not everyone uses them equally. Cash becomes a lifeline when moving abroad entails financial exclusion.

Queen Elizabeth II’s passing marked the beginning of a complex redesign and updating of banknotes and coins in the United Kingdom and many countries worldwide.

While some consumers resort to credit card debt, BNPL schemes, and pawnbroking, others privilege cash to make ends meet during the U.K. cost of living crisis.

Cash helps Brits keep calm and carry on during the worst squeeze on living standards in 60 years.

Payments service provider Paysafe has announced the acquisition of leading CashTech company Viafintech. Meanwhile, former Viafintech shareholder Gory invests in shared bank branch startup, OneBanks. The transactions demonstrate growing investor interest in CashTech.

The British Post Office is launching a campaign calling on the government to introduce legislation to ensure that access to cash becomes a right, requiring banks to ensure continued local access for those who need it.

This LGBTQ+ Pride month, the Bank of England launched a new £50 note depicting Alan Turing, mathematician, cryptographer, and father of modern computing, unjustly treated for being gay.

Big and small retailers around the UK have made a public commitment to accept cash as a method of payment by signing up to the Which? Cash Friendly pledge. Meanwhile, banks commit to supporting access to cash.