Friday, 11 July 2014
How banks are coining it in … by trying to make us all switch to cashless payments
‘It’s not the first time I’ve heard this today. This seaside market town may be less than 100 miles from the capital, it may be ‘the hub of West Norfolk’ as the town website boasts, it may be bustling and home to 45,000 people — but here, unlike in London, cash is king.
Try to pay by debit or credit card and you’ll routinely be sent packing to the nearest ATM, asked to spend more or pay a fee.
Banks are desperate to get us all to go digital. This week, the chairman of the British Bankers’ Association warned how hundreds more branches would shut because everyone was embracing new technology.’
