It Comes

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Hay-on-Wye, home of a large book, the festival, is an area of the keep a trial version

to help Eight locations throughout the UK, including a barracks, which were selected for the experiments, to solve problems, with access to cash.

the organizers hope that it informs the debate on The Future of cash in the UK, especially for those who rely on it.

The Community access to Cash-pilots to test new subsidized ATMs and cash Deposit centres for the retail sector.

It Comes a new forecast suggests cash use will fall faster in the UK than in much of Europe.

million still need money,'

the plan for the studies were prepared, in the light of the warning that the country is "sleepwalking" into a cashless society.

they came to the conclusion that eight million people in the UK rely on notes and coins, ranging from those without a Bank account for people who Are not familiar with digital payments.

The work was under the direction of Natalie Ceeney, who is also responsible for The Pilot projects.

"in the last decade we have Seen a massive shift from cash to digital payments, and Covid-19 has accelerated this trend to continue. But we know that digital payments still does not work for everyone, and for many individuals and communities, and cash remains essential," She Said .

"But the world is changing - we can't just magically back to our old Bank branch and ATM infrastructure Instead, we need to evolve with innovations, new solutions, as Well as dishes tried and Tested approaches to Meet the needs of the people Meet . "

Cash-machine has subsided, while the Corona-Virus-outbreak

Some of the places to be selected, the remote communities, like The Village of Botton, North Yorkshire , Lulworth Camp, barracks, miles in Dorset, far from the nearest cash-machine.

Small Towns with thousands of inhabitants, which have Seen Bank branches or ATMs disappear, Are also included, such as How To Ampthill in Bedfordshire, together with Rochford, in Essex, in the vicinity of Denny, Falkirk and Cambuslang, in Lanarkshire.

Burslem in Staffordshire, is also on The List , As Is Hay-on-Wye, which has a large number of book stores and other small businesses, which have no Bank branch for the Deposit of banknotes and coins.

banks were convinced, and the figures for the pilots, who try, with ideas such as shared branches, more cashback-shop, as Well as better bus service, so people can visit, the surviving branches.

Stephen Jones , chief executive of Uk Finance for The Banks , Said the industry had committed "to ensure that access to cash remains free and accessible to the General public for those who need it".

The Corona-Virus outbreak that is accelerating The Decline of cash use for many people. A recent survey of the Link, which is proposed for the supervision of the UK ATM network, that 75% of people had less cash on lockdown.

A new forecast by the consultants of Accenture, claimed that the cash usage in the UK would fall fall by 40% this year, compared with 2019 - a faster than 30% predicted Fall In The Major economies of Europe.

Sulabh Agarwal, Accenture, Said : "One of the most important issues facing the [dealer] will be How To proceed with payment. While The Decline in cash in the UK is not new, there is little doubt that the lockdown and the social distancing measures have consumers, as a rule, cash in the digital payments. "

Gareth Shaw, of the consumer organisation Which? Said : "With the existing cash system is pushed closer to the brink of collapse by the Corona-Virus outbreak, it is clear that new solutions Are urgently required to pay to secure the access of the people and the ability to, with cash, to the millions of people still rely as their main form of payment. "

the results of The pilots will be published at the beginning of 2021.

uk banking, uk economy, personal finance, cash, money

Source of news: bbc.com