Today (30th June) the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) published more information about their work on mapping access to cash to help identify ‘cold spots’.
The FCA and PSR have worked with other regulators to create a single database of the UK’s cash access points. Analysis of additional ONS information has showed that the majority of cold spots were in rural areas.
Findings from the 2020 Rural Shop Report revealed that 45% of rural shops provide a free to use cash machine for local customers.