Sellers of the Big Issue, a magazine sold to help those in poverty gain an income, will soon accept contactless payments.
In Brief:
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This follows a trial across five cities in which 80% of sales became cashless.
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It’s hoped the move will increase sales with less people carrying cash.
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iZettle is offering its card readers to Big Issue vendors for £9 and operating a lower than usual transaction fee.
What does this mean?
The move could increase financial inclusion in the UK, with a key issue for homeless people hoping to get back on their feet being the lack of a bank account.
