Central Banking

UK card transactions surpass cash for first time

credit-card2

The numbers of card-based transactions have surpassed cash for the first time in the UK, according to a report published today (June 18) by industry body UK Finance.

In 2017, UK consumers made 13.1 billion payments in cash, and 13.2 billion using cards. It was the first time cards came out ahead in transaction numbers, with earlier forecasts putting the crossover point a year later, in 2018.

Contactless payments are growing especially fast for small transactions. “The popularity of contactless

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: