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

Accounts with fintech firms and open banking proving increasingly popular, report finds

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

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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