BNY Mellon responds to the news that cashless payments have overtaken the use of notes and coins

wallet-637042_1280As the number of cashless payments exceeds those made by cash for the first time in the UK (according to the Payments Council), Dominic Broom, Head of Treasury Services EMEA at BNY Mellon released a statement assessing the impact of this growing trend on the banking space.

Following outreach by Moorgate, the comment was published by TFR, Global Banking & Finance Review and TMI.

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