FT Transact

Could the coronavirus hasten the death of cash?

Cash is on the decline, and the coronavirus could well hasten its demise. During lockdowns, consumers shifted to online retail and were encouraged not to use cash, to prevent the spread of the virus. Some places, like the US, saw initial spikes in cash withdrawals due to hoarding, but in the first countries to reopen their shops, bars and restaurants, cash volumes haven’t bounced back to pre-Covid levels.

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FT Channels, a partnership destination that combines impactful and enriching multimedia content to spark curiosity and encourage discovery. Each vertical brings expert insights from the Financial Times and our Partners into the most pressing issues of our time.


FT Transact is a video channel turning the spotlight on the future of capital, exploring what’s driving transactional transformation - from trends in ecommerce, fintech and ESG investing, to the corporate innovators working to build the future of finance. The channel alternates between independent reporting from FT journalists and expert commentary from UBS.