New research shows belief in cash remains strong in Scotland. 47 percent of Scots say they intend to use more, or continue using the same amount going forward, with reliability and security being cited as key motivations.
Conducted by Coinstar—a cash services provider—the study found 71 percent of people believe cash is an important item to have handy in case of a crisis, and 59 percent consider it the most secure payment method.
The survey also explored where people are most likely to use cash, with corner shops coming out on top, followed by parking and taxis, hairdressers and then pubs. When it comes to receiving payment, around five percent of Scots are paid in cash compared to the UK average of around 10 percent.
22 percent of Scots said bank branch closures had caused them significant problems with accessing cash, while 73 percent reported seeing shops refusing to accept cash during national lockdowns. Of those people, 29 percent opted not to make their purchase at all, or else went to another shop that accepted cash.
