BARCLAYS' recent announcement regarding the closure of the Keighley branch undoubtedly raises questions about the ongoing transition towards a cashless society.

The gradual move away from physical cash is clearly evident in our global economy. Cash isn't necessarily being banished overnight, but digital payment methods are undeniably gaining momentum. This is a direct reflection of advancements in technology and changes in consumer behaviour, with more and more people valuing the convenience and speed of cashless transactions.

The adaptation to a cashless society involves widespread changes on multiple levels. Individuals are increasingly utilising contactless cards and mobile payment apps. Retailers, restaurants and even street vendors are investing in technology to accept digital payments. Governments are recognising the value of digital transactions for increasing financial inclusion and reducing the shadow economy. It's an all-encompassing shift that reflects the broader digital transformation sweeping across the globe.

As we move towards a cashless society, we see adaptations on all fronts. Consumers embrace digital payments for their convenience, businesses accept digital transactions to meet customer expectations, and Governments encourage cashless transactions to enhance tax collection. It's a wide-reaching change that reflects the broader shift towards digitalisation in all aspects of our lives.

Brandie E Blackler, market analyst, Admirals

* Email your letters to alistair.shand@keighleynews.co.uk