UK cash payments fall to 48%

News in brief

News in brief

The total number of cash payments made by consumers, businesses and financial organisations in the UK fell to 48% last year, marking the first time that non-cash payments have exceeded those made with cash, the Payments Council reports. Some 52% of consumers continued to use cash for more than half of their transactions in 2014, however, and “there is no prediction for cash to disappear”.

Filed by This email address is being protected from spambots. You need JavaScript enabled to view it. nfcworld.com Published 22 May 2015, 13:31 • Last updated 22 May 2015, 14:32