View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
May 27, 2009updated 04 Apr 2017 4:17pm

Londoner triumphant in ‘cashless for a year’ challenge

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

By Stafford Thomas

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.

“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.

“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.”

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International