Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Business
    3. >It’s time to bin receipts: ParcelHero calls for an end to wasteful paper receipts
    Business

    It’s Time to Bin Receipts: ParcelHero Calls for an End to Wasteful Paper Receipts

    Published by Gbaf News

    Posted on September 18, 2018

    9 min read

    Last updated: January 21, 2026

    Add as preferred source on Google
    This image captures the tension surrounding South Korean President Yoon Suk Yeol as he refuses questioning related to insurrection charges, coinciding with violent clashes involving his supporters at a court building. The escalating situation highlights the ongoing political turmoil in South Korea.
    South Korean President Yoon Suk Yeol defies questioning amid court rampage - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:Environmental damagelong-termlong-term storageterminal decline

    ParcelHero says shoppers should insist on e-receipts as its new study reveals every year 25 million trees are felled just to print till receipts. The new study reveals British retailers alone hand out 11.2 billion receipts; but forecasts their end within five years – together with cheques, copper coins and £50 notes – thanks to new retail technology. 

    The parcel delivery specialist ParcelHero says the rise of e-commerce technology and home deliveries means environmentally damaging paper receipts should be binned by retailers

    The courier comparison site is calling for Britain’s shoppers to insist on e-receipts as new technology makes paper versions obsolete.

    ParcelHero’s Head of Consumer Research, David Jinks MILT, says: ‘Every year 25 million trees are being felled around the world to create 300 billion till receipts. That’s a lot of paper disappearing down a lot of sofas. Our new study, Stamping Out Receipts, reveals Britain’s retailers alone hand shoppers 11.2 billion paper receipts, at a cost of £32m. What a waste of resources and money.’

    Says David: ‘At a time when the Government and retailers are cracking down on environmentally damaging items such as plastic bags and cups, highly wasteful paper receipts must surely follow rapidly. In the UK alone 87,000 trees are felled a year to produce 7.5 million kg of unwanted receipts. We want shoppers to insist on electronic receipts, whether they are buying in store or online.’

    David reveals: ‘All those receipts need far more resources to produce than felled trees alone. They also consume 3.4bn litres of oil and 18bn litre of water annually. Many retailers are clearly aware of the impact of all this paper being used for little purpose. Argos, for example, not only offers email receipts, but its paper receipts are on FSC Mix paper, which is partially recycled. But retailers need to go that bit further and stamp out all printed receipts.’

    ‘And encouragingly, we can see that the switch to electronic receipts is already happening. Today retailers such as New Look and Zara welcome e-receipts for returns, while companies such as Tesco boast you can track your spending by seeing all your Tesco transactions in one place,’ says David.

    But David strikes one note of caution: ‘While County Courts have accepted copies of receipts as legal proof of purchase for returning goods, there is still a concern amongst some retailers that electronic copies can be altered. This means some staff, and indeed some stores, are reluctant in practice to accept e-receipts.  As the use of e-receipts increases we want shoppers to vote with their feet or mouse and avoid stores that make it difficult to return items using electronic receipts.’

     Adds David: ‘The switch to e-receipts will have many other benefits, for example electronic receipt wallets will eliminate hunting for lost receipts forever. Apps such as Barclays’ Launchpad/Flux can already store all your digital receipts together, ensuring shoppers never lose a vital receipt. And electronic receipts are also increasingly popular with people who are self-employed and must keep proof of purchase for tax purposes. Long gone are the days when HMRC would only take hard copies of documentation, including receipts.’

    The new Study also finds that cheques, copper coins and £50 notes will join receipts in going the way of the long-vanished 1/2p because of new cashier-less stores now being trialled by Amazon, Tesco, Sainsbury’s and the Co-Op. Automated stores will not issue printed receipts or require cash or cheque payments.

    Reveals David: ‘The cheque was first introduced 350 years ago but the number of cheques issued has collapsed from 4 billion in 1990 to just 405 million in 2017. Back in 2008 the Payments Council announced it would ultimately phase cheques out by 2018, saying “Cheque use was in ‘long-term, terminal decline”. As another gobbler of trees and resources, it’s high time the cheque was bounced out of existence.’

    The Study also reveals that only 22% of UK purchases are now made by cash, meaning time is running out for the humble penny. David says: ‘Inflation means the 1p coin is now worth less than the 1/2p when it was abolished in 1984. Six in ten of UK 1p and 2p coins are today only used once before being put in a jar or discarded.’

    And it may not only be small change whose number is up. Notes David: ‘The Treasury says the £50 note is rarely spent today and that money in long-term storage at cash processors is not good for the economy. It also admits there is a perception that £50 notes are used for money laundering and tax evasion. Tellingly, there have been no new £50 notes printed since 2015. Just like receipts and cheques, the £50 may soon be waste paper.’

    For more information about the environmental damage caused by paper receipts, and the imminent demise of many traditional payment methods see the full Study at:https://www.parcelhero.com/blog/news-updates/study-stamping-out-receipts

    ParcelHero says shoppers should insist on e-receipts as its new study reveals every year 25 million trees are felled just to print till receipts. The new study reveals British retailers alone hand out 11.2 billion receipts; but forecasts their end within five years – together with cheques, copper coins and £50 notes – thanks to new retail technology. 

    The parcel delivery specialist ParcelHero says the rise of e-commerce technology and home deliveries means environmentally damaging paper receipts should be binned by retailers

    The courier comparison site is calling for Britain’s shoppers to insist on e-receipts as new technology makes paper versions obsolete.

    ParcelHero’s Head of Consumer Research, David Jinks MILT, says: ‘Every year 25 million trees are being felled around the world to create 300 billion till receipts. That’s a lot of paper disappearing down a lot of sofas. Our new study, Stamping Out Receipts, reveals Britain’s retailers alone hand shoppers 11.2 billion paper receipts, at a cost of £32m. What a waste of resources and money.’

    Says David: ‘At a time when the Government and retailers are cracking down on environmentally damaging items such as plastic bags and cups, highly wasteful paper receipts must surely follow rapidly. In the UK alone 87,000 trees are felled a year to produce 7.5 million kg of unwanted receipts. We want shoppers to insist on electronic receipts, whether they are buying in store or online.’

    David reveals: ‘All those receipts need far more resources to produce than felled trees alone. They also consume 3.4bn litres of oil and 18bn litre of water annually. Many retailers are clearly aware of the impact of all this paper being used for little purpose. Argos, for example, not only offers email receipts, but its paper receipts are on FSC Mix paper, which is partially recycled. But retailers need to go that bit further and stamp out all printed receipts.’

    ‘And encouragingly, we can see that the switch to electronic receipts is already happening. Today retailers such as New Look and Zara welcome e-receipts for returns, while companies such as Tesco boast you can track your spending by seeing all your Tesco transactions in one place,’ says David.

    But David strikes one note of caution: ‘While County Courts have accepted copies of receipts as legal proof of purchase for returning goods, there is still a concern amongst some retailers that electronic copies can be altered. This means some staff, and indeed some stores, are reluctant in practice to accept e-receipts.  As the use of e-receipts increases we want shoppers to vote with their feet or mouse and avoid stores that make it difficult to return items using electronic receipts.’

     Adds David: ‘The switch to e-receipts will have many other benefits, for example electronic receipt wallets will eliminate hunting for lost receipts forever. Apps such as Barclays’ Launchpad/Flux can already store all your digital receipts together, ensuring shoppers never lose a vital receipt. And electronic receipts are also increasingly popular with people who are self-employed and must keep proof of purchase for tax purposes. Long gone are the days when HMRC would only take hard copies of documentation, including receipts.’

    The new Study also finds that cheques, copper coins and £50 notes will join receipts in going the way of the long-vanished 1/2p because of new cashier-less stores now being trialled by Amazon, Tesco, Sainsbury’s and the Co-Op. Automated stores will not issue printed receipts or require cash or cheque payments.

    Reveals David: ‘The cheque was first introduced 350 years ago but the number of cheques issued has collapsed from 4 billion in 1990 to just 405 million in 2017. Back in 2008 the Payments Council announced it would ultimately phase cheques out by 2018, saying “Cheque use was in ‘long-term, terminal decline”. As another gobbler of trees and resources, it’s high time the cheque was bounced out of existence.’

    The Study also reveals that only 22% of UK purchases are now made by cash, meaning time is running out for the humble penny. David says: ‘Inflation means the 1p coin is now worth less than the 1/2p when it was abolished in 1984. Six in ten of UK 1p and 2p coins are today only used once before being put in a jar or discarded.’

    And it may not only be small change whose number is up. Notes David: ‘The Treasury says the £50 note is rarely spent today and that money in long-term storage at cash processors is not good for the economy. It also admits there is a perception that £50 notes are used for money laundering and tax evasion. Tellingly, there have been no new £50 notes printed since 2015. Just like receipts and cheques, the £50 may soon be waste paper.’

    For more information about the environmental damage caused by paper receipts, and the imminent demise of many traditional payment methods see the full Study at:https://www.parcelhero.com/blog/news-updates/study-stamping-out-receipts

    More from Business

    Explore more articles in the Business category

    Image for Submit Your Entry for Years of Excellence Awards 2026
    Submit Your Entry for Years of Excellence Awards 2026
    Image for Nominations Open for Travel & Hospitality Awards 2026
    Nominations Open for Travel & Hospitality Awards 2026
    Image for Submit Your Entry Today for Telecom Awards 2026
    Submit Your Entry Today for Telecom Awards 2026
    Image for Submit Your Entries for The Next 100 Global Awards 2026
    Submit Your Entries for the Next 100 Global Awards 2026
    Image for Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Image for Nominations Invited for Real Estate Development Awards 2026
    Nominations Invited for Real Estate Development Awards 2026
    Image for Submit Your Entry: Process & Product Awards 2026
    Submit Your Entry: Process & Product Awards 2026
    Image for Call for Entries: HR & Recruitment Awards 2026
    Call for Entries: HR & Recruitment Awards 2026
    Image for Submit Your Nominations Today for Education & Training Awards 2026
    Submit Your Nominations Today for Education & Training Awards 2026
    Image for Join the Corporate Governance Awards 2026: Showcase Your Organisation’s Leadership
    Join the Corporate Governance Awards 2026: Showcase Your Organisation’s Leadership
    Image for Submit Your Entry Today for Business Awards 2026
    Submit Your Entry Today for Business Awards 2026
    Image for Decentralized Masters’ ‘family culture’ building trust instead of hierarchy
    Decentralized Masters’ ‘family Culture’ Building Trust Instead of Hierarchy
    View All Business Posts
    Previous Business PostFormer Finastra Chief Digital Officer Joins FinTech Startup W.up
    Next Business PostEd Hounsell Joins Kuflink as Chief Marketing Officer