Pennies, the digital charity box has appointed Peter Ayliffe to its Board of Trustees. Current Chairman and Non-Executive Director of Monitise, Peter will be providing strategic counsel to Pennies through his expertise in financial management. Monitise is a leading mobile banking and payments group that provides services to more than 350 financial institutions and other leading brands globally.
The UK’s ever increasing shift to digital payments is leaving the need for good old fashioned cash taking the first steps on the road to extinction. A recent study conducted by Pennies, the digital charity box, has revealed that a staggering 30% of us regularly leave the house without any cash, whilst almost half (47%) of 16-24 year olds use their cards for payments under £2 and three quarters (75%) use their card for payments under £5.
Each month, more and more charities start using Pennies in their own shops, raising important additional funds for their vital work. One of these is Age UK, the country’s largest charity dedicated to helping everyone make the most of later life, providing services and support at a national and local level to inspire, enable and support older people.
