Community

Ah...The "Wait and See" approach, as so successfully adopted by Kodak and Nokia.

And how do you suppose these bottles are going to be recycled?

I'm as much in favour of the move from cash to digital as the next man but I do worry that the implications on socitey's disenfranchised (homeless, micro-charities etc...) might be overlooked.

#toolatetothegame.

The change will happen if/when London cannot bring in the young, technically proficient IT staff that underpin companies such as Transferwise.  If 'hard Brexit' results in that kind of outcome, London will not remain the FinTech capital of Europe.  If it can be avoided then there should be no change.  We can only hope....

This is important.  As people start to carry less loose change in their pockets, the charity sector needs to react or it will suffer.  The logical end-game would be street beggars with Square/iZettle terminals but I can't see that happening any time too soon.

...which is why I said that "care was required to avoid marginalising members of society who truly can't work the mobile/online channel".  But this shouldn't mean that all the major banks need branches in each high street - especially when they are being 'challenged' by others that don't need to make that commitment.  Maybe it's where the Post Office could come into play?

Totally in agreement with you @Brett.  The online experience we get now is far better than queuing in wood-panelled branches to pay in a cheque, before 3pm on a Friday afternoon ever was!

And whilst I do recognise that care is required to avoid marginalising members of society who truly can't work the mobile/online channels, I think the generalisation that "the elderly need physical branches' is a lazy one.  My mum's in her mid-seventies, is certainly not techno-savvy but is perfectly at ease with her banking app and is as unlikely to visit a branch as I am.

...except it actually says that "even cash purchasers" lost out!  So maybe it's "Did you buy anything between 1992 and 2008?"!

This is important.  I'm sure that I'm not alone in thinking that ad hoc charity donations are at risk of a sharp decline as folk start to carry less cash in their pockets.  It's all about ease of payment and of course convincing the man/woman in the street that the terminal is legitimat