But how much longer until the UK becomes a truly cashless society? And what are the implications and obstacles for UK retailers? In this Retail Week report, produced in association with Worldpay, we will uncover what it will take for the UK to truly transition to cashless payments and why staying ahead of the curve can reap major benefits.
Using new research and global case studies from countries already transitioning away from physical money, this report covers:
- The cashless consumer: How more sophisticated methods of payment are making transactions quicker and easier than ever and how this has led to a decline in cash payments
- Learnings from global markets: How other countries are heading towards a cashless market and what the UK can learn from them
- The impact on UK retail: What retailers need to do to prepare for a cashless society
- Preparing for a cashless society: The reality of a world without cash, including the economic impact and changes in consumer behaviour