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Post Office handles record amount of cash

September 1, 2024
in Business
Reading Time: 1 min read
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Post Office handles record amount of cash
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Mairi Wingate has been the postmistress in Barton-upon-Humber for 19 years and says there are lots of reasons people prefer cash.

“Well it can range from anything from people wanting £10 to go to the local hairdressers to go and get their hair done ranging up to £300 or £400 and it’s just budgeting for the weekly shopping and bills.

“They know exactly what they’ve got and they can’t overspend what they haven’t got.”

The Post Office’s reputation has been seriously damaged in recent years because of the Horizon IT scandal which saw hundreds of postmasters and mistress wrongly convicted of stealing money.

During that time however daily visits to Post Office branches have remained relatively stable at around 10 million each week, and its position on the High Street means it offers a local alternative to many people when bank branches shut down.

Credit: Source link

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