Yes they do and it sounds innocent enough, but the same idea can be used to limit the spender in other, more sinister ways. Your spending can be time-limited, stopping you going out at night for instance, and it can be location-restricted, keeping you inside your own district - both methods useful for lockdown zealots!
The pushing of the cashless economy and the gormless acceptance of it by the British public is another step towards the communism that our governments want for us. You have all accepted the loss of our freedom of association and freedom to travel in the past 18 months, the giving away of our industries to China, the eradication of our religion, the country being overrun with foreigners, the dumbing down of our education system and the vilification of our history. All these were done on pretexts of being beneficial to us, just as cashless is being sold to us now.
You all voted for this stuff!