Cash use down as alternative payments thrive

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Customers did 10% less of their shopping with cash in 2012 than the previous year signalling a significant shift in the payments industry, according to the British Retail Consortium’s (BRC) annual payments survey.

Customers are embracing new technology and new ways to shop are...

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About Robert Lovell

Business and finance journalist


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    04th Jun 2013 10:46

    Electronic purse

    I still think the UK missed a trick when it did not bring in on-card 'electronic purse' facilities (as in Belgium etc) when it brought in mandatory chip and pin. Would have saved a great deal in cash handling and friendlier to the small retailer ... but lower profits for Visa et al I suppose and hence the lobby ensured it did not happen here.

    Quote from Wikipedia:

    Proton has seen limited success in Belgium, despite being available on commonplace on parking meters, pay phones, and within convenience stores; possibly due to a poor understanding of the system. Despite this, the system has also been implemented in other countries such as Chipknip in the Netherlands, and has been considered for other markets such as Australia.

    Thanks (0)
    By Peacock
    03rd Jun 2013 22:44

    It's all about power

    Governments would love a cashless society where everything everyone does is recorded on a central computer. No "cash" jobs, no tax avoidance, everyone under the control of big brother. How long before you're limited to 3 pints of beer a week on your card, or no more than 2 bars of chocolate to combat obesity? We are already under surveillance from cameras, our emails and phone calls soon wont be private, do you really think the British public will also accept a spy in their wallets ?

    Thanks (1)
    By BKD
    to Chris Mann
    04th Jun 2013 10:57


    Peacock wrote:

    our emails and phone calls soon wont be private,

    It would be rather naive to think that your emails and phone calls are still private :)

    Thanks (1)
    04th Jun 2013 07:56

    Don't blame the government ....

    Blame the criminals! They cause the problem, and the government is trying to find a solution.

    If people didn't plant bombs, or evade tax, or any of the other millions of crimes committed each year ... then I would agree, but criminals do whatever they like (and don't care who gets hurt in the process, or who pays the price) while law enforcement has to obey the law, and also cross the t's and dot the i's to get a conviction.

    Thanks (0)
    04th Jun 2013 08:54


    Oh and the Government aren't causing their own problems like cash expenses, lobbying etc. etc.

    are they? We live in a world that is changing from industrial to technological, which is bringing more people who aren't used to the big picture into play and they all want a piece of the action.

    Greed is the driving force at the moment and until that is sorted things will only get worse.

    Cash will never go away, in fact since the introduction of RTI it will increase and the tax take will go down (human nature).

    Thanks (0)
    04th Jun 2013 14:11

    One has to remember

    monitoring phone calls and e-mails have prevented terrorist attacks

    Thanks (1)
    17th Mar 2015 15:54




    Thanks (0)
    to Ruddles
    05th Jun 2013 07:45

    Security for who?

    secondhand_22 wrote:

    Those who would sacrifice liberty for security deserve neither. 

    Which is lucky - cos that's what they'll get - neither



    The criminals, so they can ply their trade without the police knowing about it? Or security for what ever is left after the criminals have taken what they want, and we have paid extra taxes for the resources to put the criminals away, and pay their keep in prison.

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