Just a third of Britons want a cashless society after fears contactless cards are open to fraud and theft

‘Efforts by banks and stores to push customers to stop using real money are failing, with just one in three happy to live in a cashless society.

Finance giants want people to switch to tap and go cards or use smartphones to make payments as this is much cheaper for them than handling real money.

It also good news for retailers amid evidence people are more likely to spend when using virtual money than real notes and coins.

However, new research by retail analysts Mintel suggests that only a tiny fraction of the public are willing to give up on cash.’

Read more: Just a third of Britons want a cashless society after fears contactless cards are open to fraud and theft