What is driving the drop in UK cash volumes?

Volume of cash in circulation in the UK declines for the first time since 1960

Sterling-market

Over the past few years, there has been a growing debate about the longevity of cash. In a world that is quickly becoming more digital, is there still a place for hard currency?  

For some time now, the majority of advanced economies have seen a decline in cash usage for both large and small transactions. As a result, the majority of investment in payments has been focused on improving electronic payment infrastructure.

In Australia, fintech firms are looking to provide innovative digital

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