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
- A new approach to develop a lung tumor diagnosis system in a accurate and non-invasive way
- Should You Sell Your Startup, or Find a New CEO? (Case Study)
- How Spotify Turned Free Music into a $10+ Billion Valuation
- Is Pivoting Worth the Effort?
- Lex in-depth: how carbon prices will transform industry
- Pandemic working leaves 1 in 4 needing mental health support
- User Research Introduction
- Airbnb: The Growth Story You Didn't Know
- Zoom announces new software-hardware integrations for its hybrid conference rooms
- AMSIMCEL - We challenge ourselves to drive innovation for the whole Semiconductor Industry