With contactless at record levels, why we’re not going back to cash
Published 15/02/2021
Contactless debit card payments are now at their highest ever level among UK consumers, according to research by UK Finance. According to the latest figures, 62% of all debit card payments are made using contactless. While COVID-19 helped push contactless payments to record levels, as more shops stopped accepting cash and consumers were urged to use contactless whenever possible, this isn’t a new trend by any means. Contactless took over cash as the most popular payment method in the UK in 2019.