Growing number of firms now refuse to accept cash

More than three-quarters (76 per cent) of people believe it is important to have the option to pay with cash and four-fifths (82 per cent) think all shops should accept it, a survey has found.

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More than three quarters of people believe it is important to be able to pay with cash.

More than three-quarters (76 per cent) of people believe it is important to have the option to pay with cash and four-fifths (82 per cent) think all shops should accept it, a survey has found.

More than half (52 per cent) of people said they had been somewhere during the previous two months that had not accepted or had discouraged the use of cash - and 56 per cent said this was an inconvenience to them.

The research was commissioned by cash access and ATM network Link.

It found that contactless via cards was the most preferred payment method among people surveyed, with 40 per cent choosing this option.