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.
Read more
Related articles
- Leadspace raises $46 million to bring big data insights to B2B sales
- Canalys: Cloud infrastructure spending grew 32% to $39 billion in Q4 2020
- Evinced nabs $17 million to bring automated web accessibility tools to enterprise developers
- Digital transformation of recruitment: How can you benefit?
- The Fusion Project aims to optimize data collection from vehicles
- Selecting a Predictive Maintenance system for your manufacturing plant – Guide
- 7 Tips To Reduce Financial Risk As a Startup Founder
- Twitter now lets you set a security key as your only two-factor authentication method
- Should You Sell Your Startup, or Find a New CEO? (Case Study)
- How BuzzFeed Makes The World Go OMG, LOL and Win Every Day