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Shoppers in Manchester are being given a snapshot of a future cashless society with the advent of the first street in the UK to trade entirely without notes or coins.

Stores on fashionable Beech Road, Chorlton, are going ‘cashless’ on June 21 for one day as a social experiment to test consumer and business reaction to the point in the not too distant future when paper money becomes redundant.

With the British Retail Consortium this month revealing that cash use has dropped 14% in the past five years and experts predicting the end of physical currency inside 20 years, this will be a reality for many consumers with developments in card and mobile payment making it easier than ever to get what you need without any cash in your pocket.

This is why the independent traders who run the road’s bars, restaurants, takeaways, bakery, hairdressers, convenience store, deli, boutiques and other stores – an area long associated with innovation and being on the edge of emerging trends – have agreed to ditch notes and coins and encourage customers to pay only with their cards for one day.

With the nation’s high streets fighting to keep their heads above water, the business owners see this as a way of keeping closer to their customer base by offering the latest and most convenient payment methods, including contactless payment.

The experiment is the idea of card payment provider Handepay, which supplies more than 22,000 businesses across the country with card payment terminals.

Mark Latham, product and innovation director at Handepay, comments: “We’re carrying less cash in our pockets than ever before and Britain is at the forefront of countries heading towards being cashless because the public are always eager to embrace new technology.”

Financial disclaimer:

Terminal hire contracts are provided by Merchant Rentals Limited, who is authorised and regulated in the UK by the Financial Conduct Authority (FCA) for Consumer Hire under FRN 720500. Terminal hire can be for consumer hire and non-regulated hire contracts. Please check your contract carefully for details. Regulation of all consumer hire fall under the control of the FCA.

Handepay Ltd is authorised and regulated by the FCA for Consumer Credit under FRN 673564. Handepay is a credit broker for consumer hire not a lender.

Handepay acts as an introducer of card acquiring services on behalf of EVO Payments UK, the card acquiring service provider. EVO Payments UK is the trading name of EVO Payments UK Ltd, a payment institution that is authorised and regulated by the Financial Conduct Authority (FRN number 959332).

Existing Cards Businesses- The one-month rolling terminal hire contract from Merchant Rentals is only available to businesses that are switching from their current acquirer to EVO Payments UK arranged through Handepay.

New to Cards Businesses- The 12-month terminal hire contract from Merchant Rentals is only available to businesses that are new to card payments and wish to receive acquiring services from EVO Payments UK, arranged through Handepay.

The Next Day Banking Settlement service provided by EVO Payments UK incurs an additional fee of £4 a month on top of your acquiring service charges and fees. Provided your card machine performs a reconciliation before 12am (midnight), you’ll receive settlement of funds the next banking day.

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