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Gloucestershire Business News

Click and collect cash offers new way to get your money

A new 'click and collect' way of getting your cash has proved such a success it's set to be rolled out at more locations across the country.

The trial, as reported by changedretail.co.uk website, was launched in Stoke-on-Trent in March, and allows customers to see local shops that have cash available and then pre-order it for pickup via an app, with no obligation to make a purchase.

Shoppers can also order cash to be delivered to their doorstep alongside groceries with a dedicated app.

It's been launched by Swiss Fintech firm Sonect, with UK cash management giant Loomis, and has reportedly proven popular with users in the area.

Sonect's UK director Ron Delnevo said: "The feedback on this new service has been fantastic so far.

"Customers really appreciate the certainty of knowing where and when they can pick up their cash without the obligation to make a purchase.

"At the same time, our retail partners are benefitting from increased foot fall and more efficient use of the cash in their businesses. I am confident every community in the UK will soon be ready to welcome this innovation."

The British Retail Consortium (BRC) recently revealed that nearly 10,000 free cash machines have been lost over the past two years, with only an estimated 10,000 remaining.

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