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.

Debit cards now more popular than cash

Contactless payments driving rapid increase in cashless transactions, says UK Finance

04 July 2018
 

The growing popularity of contactless cards has seen debit card payments overtake cash use for the first time, figures from banking trade body UK Finance reveal. 

The popularity of contactless payments among UK consumers is a key driver of debit card growth. In total, across both debit and credit cards, the number of contactless payments increased by 97% during 2017 to 5.6 billion. Almost two thirds (63%) of people in the UK now use contactless payments, and no age group or region falls...

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