UK Finance – figures released.
Industry News | 04/06/20
Card and contactless payments
Cards used for half of payments for first time last year
• Card payments accounted for half (51 per cent) of all payments in the UK in 2019
• Remote banking increased across all age groups, with 72 per cent using online banking and 50 per cent now using mobile banking
• Cash payments decreased by 15 per cent to 9.3 billion payments but cash was still the second most frequently used method, representing a quarter (23 per cent) of all payments in 2019
Card and contactless payments continued to increase in 2019, with card payments accounting for over half (51 per cent) of all payments for the first time, according to the latest UK Payment Markets report from UK Finance.
Household Finance review
Quarterly commentary on aspects of household finance (mortgages, credit cards, loans, overdrafts and deposits) in the UK.