Home » Market News » DirectorsTalk Highlights » Cashless society edges step closer with 1 in 5 Brits now never carrying money
Mi-Pay Group Plc

Cashless society edges step closer with 1 in 5 Brits now never carrying money

One in five Brits now never carries cash, a recent study has found.

Researchers who polled 2,000 UK adults found many are now opting to pay using different methods such as chip and pin and smartphone payments.

Half believe cash is ‘on the way out’ and will ‘soon’ be superseded by alternative ways of paying for goods and services.

 

Founded in 2003, Mi-Pay Group plc (LON:MPAY) delivers fully outsourced online and related payment and fraud management solutions to digital ecommerce clients, primarily in the mobile and digital content sector. Its product offering provides the infrastructure to enable pre-paid mobile devices to be topped up via a variety of channels such as websites, mobile applications and social media applications and customers include Mobile Network Operators (MNOs) and Mobile Virtual Network Operators (MNVOs), additionally managing and indemnifying the data security and payment fraud risks. Mi-Pay sells, integrates and operates its products and solutions on a global basis. 

 

 

To read the full news article please click here

Receive our exclusive interviews – Enter your email to stay up to date.

Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.