One in seven Brits no longer carries cash, as we become increasingly reliant on card and smartphone payments

CASH is going out of fashion with one in seven of us never carrying any, research reveals today.

Almost half have less than a fiver on them — and a further quarter are keen to follow their lead and aim to carry less cash.

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The Mastercard survey found 43 per cent of Brits bother less with notes and coins than just two years ago.

Fifty-four per cent of blokes said they had less than £5 on them, compared with 39 per cent of women.

Sixteen per cent stretch to a tenner — but only seven per cent carry more than £50.

Instead we are increasingly relying on plastic or smartphone payments with the average adult having two debit or credit cards.

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Fourteen per cent no longer bother with a wallet or purse. And twenty per cent of the 2,000 adults quizzed think they are about to become obsolete.

Of those who do still have purse, a quarter say they contain expired coupons or membership cards, while a futher 17 per cent are using them to hoard old handwritten notes.

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Mastercard’s Mark Barnett said: “We’re in the midst of unprecedented change.

“Cash usage is being buffeted by increased online spending and people embracing the convenience, speed and security of card and digital payments.”