Monthly journal Parking Review has been the definitive source of news and intelligence on the UK and international public and private parking sectors since 1989.

Cashless is king in the UK, says Payments Council

30 May 2015
The use of cash fell to 48% of payments last year
The use of cash fell to 48% of payments last year

 

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...

+64% more

 

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