herald

Sunday 4 December 2016

Cards used more than cash now

Cashless payments have become more popular than transactions using coins and notes for the first time, figures from the Payments Council in the UK show.

During 2014, 48pc of payments made by consumers, businesses and financial organisations were in cash, down from just over half (52pc) in 2013.

This marked the first time that the number of non-cash payments has overtaken those made with cash, reflecting the growth in technology and the use of debit cards as a handy way to pay.

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