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
- The Risks of Too Much 'Stimulus'
- User Research Introduction
- These are the skills you will need for the future of work
- Pandemic working leaves 1 in 4 needing mental health support
- 2021 UK Property Market Outlook for Overseas Investors
- Canalys: Cloud infrastructure spending grew 32% to $39 billion in Q4 2020
- How Spotify Turned Free Music into a $10+ Billion Valuation
- Why Your Startup Doesn’t Need Social Media Marketing
- Deepgram raises $25 million to build custom enterprise speech recognition models
- How BuzzFeed Makes The World Go OMG, LOL and Win Every Day