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LONDON, ENGLAND, UNITED KINGDOM (APRIL 26, 2017) (REUTERS) (SOUNDBITE) (English) ING SENIOR ECONOMIST, IAN BRIGHT, SAYING: "In my own thoughts, we'll never go completely cashless but more and more people will end up in a situation where they can quite comfortably get by for two days, three days, four days, and even a week, without ever using cash. And certainly, that's what we found. We asked people, if you were in a situation where you couldn't access cash, ATMs just weren't available or something, how long do you think you'd get by? Around about one in three said, we'd get by around about 72 hours. Around about 50 percent said we can get by for a week. Then we said what about a month, only around about 20 percent odds said we'd get there. But already people are organising their lives in a way that they don't necessarily have to have cash on them. The days of getting to the week and saying, I haven't got enough cash on me so I can't go out, and have to rush around and find an ATM are gone. You can still go and meet your mate, have a drink and a dinner and so on and you don't have to rush around for cash. This is the sort of convenience which is worthwhile. So, I would expect in my lifetime, cash will continue to exist, but more and more I'll expect that my children, for example, will live lives where they might only visit the ATM machine once a month or so."

Cashless Society Getting Closer, Survey Finds

Item ID: 110577468

By: Reuters

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