Cashless transactions trump the use of coins in the UK
- Published: May 22, 2015, 5 AM
1. Coin, paper note purchases taking a back seat in the UK
According to BBC News, 48 percent of all UK consumer transactions were made with cash in 2014, while 52 percent were made with various forms of electronic payments.
With cash dealings trending downward, it is predicted that in 10 years the percentage of cash dealings in the UK will be around 20 to 25 percent.
Full story: Electronic payments are becoming the norm
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