A quiet revolution is unfolding in our wallets. Cash - once king of payments - is steadily being pushed aside. In the UK, it now accounts for just 12% of all transactions. In the Netherlands, only one in five in-store payments are made with physical money. And in Sweden, just 10% of purchases involve cash. The message is clear: digital is dominant . But should cash vanish entirely? The shift is happening fast. ATMs are disappearing from high streets. Lloyds, for instance, plans to close 292 branches in 2025 alone. At the same time, innovation is rising. Lloyds recently introduced a barcode-based deposit feature, enabling customers to add cash to their accounts at over 30,000 PayPoint stores (no ATM required). Just scan, hand over the money, and you’re done. This kind of hybrid innovation reveals an uncomfortable truth: people still need cash, even as the infrastructure that supports it crumbles . While digital payments are more convenient, cash remains uniquely valuable. I...
A weekly blog with articles on the future of financial services sector and more particular specifically Fintech, but also on topics, like IT and digitalization and its impact on the world (like e.g. mobility). #fintech #bankingsector #innovation #bankingtechnology