The past year has been catastrophic for the high street with thousands of jobs and retailers closing their doors for good. Those that have survived have undergone huge restructuring with the pandemic accelerating the shift to online retail and digital banking.
But in and amongst it all lies a bigger problem – what happens to the most vulnerable people when banks close their doors at a time when free ATMs are losing their funding?
Under new plans from today, local shops will be allowed to dish out cashback and the Post Office will offer banking services to save communities at risk of losing access to cash.
It's part of the Treasury's promise to protect the 5million vulnerable people in isolated areas that still heavily rely on cash.
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