UK moves towards cashless society

"The tooth fairy’s days are numbered.

Pocket change may soon be completely replaced by electronic payments in the UK after reports that last year, for the first time, the majority of payments were made without cash – either on the internet or phone, or through electronic payments and cheques.

The proportion of cash payments was less than half the total number of payments made last year, falling from 52 per cent in 2013 to 48 per cent in 2014 for consumers, businesses and financial organisations combined, according to the Payments Council."