UK Cash Usage Decreases Significantly

Link, which operates the biggest network of ATMs in the UK has said that cash usage in the UK has halved over the past few days; this is due to shops closing, an increase of contactless payments and concerns over contracting the COVID-19 virus via bank notes; many shops and banks recently raised the limit for contactless payments to £45 from £30; Link is still working with banks and regulators to ensure there is enough cash available to consumers. Payments Cards and Mobile

Sign up for our Newsletters

Every morning the LendIt Fintech News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!