Cashless transactions have overtaken the use of notes and coins for the first time, according to the Payments Council.
The use of cash fell to 48% of payments last year, with the remaining 52% made up of transactions including transfers, debit and credit card payments, as well as cheques. Debit cards accounted for 24% of payments, followed by direct debits that accounted for 10% of payments.
While cashless is now the norm in business-to-business situations, cash remains the most common...
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