Cash machines ‘to disappear within a decade’, ATM boss warns

Could this scene soon disappear? (Picture: Jonathan Nicholson/NurPhoto via Getty Images)

Cash machines could disappear within next 10 years, leading to fears there will be ‘ATM deserts’ in remote communities.

The warning comes from John Howells, boss of Link, who believes paper money transactions will face a huge drop as people turn to contactless spending and online shopping.

Mr Howells believes the fall in cash withdrawals will make ATMs unprofitable and cause them to shut down, raising concerns that isolated areas will lose access to cash.

Customers will instead have to withdraw money from shop tills, making store owners criminal targets as they will be forced to hold onto huge reserves of money.

He… Read the full story

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