Is cash in decline?

Today there is greater choice than ever in how to pay for things.

Contactless technology is used in many debit and credit cards and there are many services that store payment cards digitally (like PayPal or Apple Pay), allowing contactless payments to be made using a PC or smartphone. Other services link your mobile phone number to your bank account so you can pay someone by sending a text.

Despite these innovations cash, banknotes and coins continues to be important. In the UK today, according to the Bank of England there are £70 Billion notes in circulation which is twice the amount of ten years ago, roughly £1000 per person.

At CDL we acknowledge our heritage and produce secure bags for numerous cash management applications for clients who recognise that cash remains a fast and convenient way to pay, remains widely accepted and for many people helps them manage their budgets.