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
- What is GraphQL?
- Is Starting a Franchise From Home a Good (and Sustainable) Idea?
- Facebook and Apple Feud Over the Future of the Internet
- How Spotify Turned Free Music into a $10+ Billion Valuation
- Leadspace raises $46 million to bring big data insights to B2B sales
- Google Stadia closes in-house game development studio
- The Best Places to Move to in 2021
- 7 Tips To Reduce Financial Risk As a Startup Founder
- Evinced nabs $17 million to bring automated web accessibility tools to enterprise developers
- The Fusion Project aims to optimize data collection from vehicles