Cash Transaction Usage On The Rise (Despite The Banks’ Best Worse Efforts)!

Digital Finance Analytics (DFA) Blog

Jul 24 2024 | 00:08:51

00:00 / 00:08:51

Show Notes

A new report from the Finance Industry Peak Body, UK Finance, which represents more than 300 firms in the UK, reveals that cash remained the second most popular payment method, after debit cards – with an estimated three million people still relying on it. Their research suggests 1.5 million mainly used cash in 2023, up from 900,000 the previous year. This was it appears an unexpected jump in the number of people who mainly use notes and coins for their daily spending, despite all the propaganda that the UK moving closer to becoming a cashless society. A UK Finance spokesperson […]

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