UK cash use squeezed by rise of fintech and ATM fee changes

UK £10 banknote — Cash use is declining in the UK, but many groups still depend on it

- Daniel Hinge
- @dan_hinge
- 18 Sep 2019

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UK consumers are increasingly willing to embrace fintech firms and electronic means of payment, as the squeeze on cash use continues.

A new report shows that fintech and open banking is becoming increasingly accepted, especially among younger people. A separate study, also published today (September 18), warns some of the most vulnerable communities in the country are being affected by a transition to fee-charging ATMs.

More than one in every 10 new accounts opened in the UK is now with a

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