Is it possible to live entirely without cash for a year? In
March 2008, Londoner James Allan set out to prove that it could be
done. More than a year on and the 25-year-old web content editor
has been vindicated and is determined to press on for another
year.

During his one-year experiment, Allan carried no bank notes, coins
or even stamps, instead relying only on his Visa payWave
contactless card to pay for purchases.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

“My main motivation behind the adventure was that I do not like
using cash,” said Allan.

“I much prefer cards because I feel they are far safer – if you
lose cash or someone steals it, you can’t get it back but if the
same happens with a card, you can easily cancel it
straightaway.

“Also, I wanted to see if it was possible to live a cash-free life
as I believe it will only be a matter of time before we are all
living this way.”

Allan conceded that when he started off on his venture he was
uncertain if it would be possible to remain cashless for a
year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“But it has been far easier than I thought,” said Allan.

In London Allan had access to some 9,000 contactless payments
terminals in various retailers in and on commuting routes where
payments of up to £10 ($14.50) can be made. Where contactless
facilities were not available Allan resorted to chip and PIN card
payments.

However, indicative of a growing acceptance of contactless
payments, Allan said: “I have seen an increase in places like taxis
and bars where I can use contactless cards.

“I can’t imagine I will ever go back to using cash again.”