BANKNOTE manufacturer
Our data shows when it comes to buying products in-store, contactless debit card payments are the most commonlyused method (63 per cent) among Britons, with cash coming in second (56 per cent).
Cash is significantly less popular for in-store purchases among Britons aged 18-34 (40 per cent): it's significantly less commonly used than contactless debit card payments (64 per cent) and roughly as used as chip-and-pin debit card payments (40 per cent). The only age group where cash is still dominant is among the over-55s.
So cash is still an important payment option, and reports of its death - which have been circulating for some time - remain exaggerated. But while its status among older consumers may be relatively assured, when
(c) 2023 City A.M., source