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Two-thirds of adults haven’t used cash for more than 12 months-latest retail technology news from around the world

According to a survey at www.merchantadviceservice.co.uk, 64% of adults in the UK have not completed their cash purchases in the last 12 months.

Up to 61% of adults also acknowledged that they adopted a new payment method last year, and 77% used smart technology for the first time to make contactless payments.

According to a survey, 86% of adults prefer contactless payment methods to other options such as tips and pins, with debit or credit cards being the preferred method.

Following smartphone payments, 25% of adults preferred to use their smartphones to pay through services such as Apple Pay and Google Pay.

Two-fifths of adults still have cash at home and will put it in banks and gifts as birthday presents.

read more: 52% of UK companies want to get rid of cash altogether

A study found that as a result of the pandemic, 78% of adults do not want to handle cash at this time.

Fifty-three percent do not want to use an ATM, and 33% find it more convenient to carry a bank card or smartphone than a wallet or wallet with cash.

More than half of the adults surveyed continue to use contactless payments as their preferred checkout method, with non-essential retailers reopening this week.

One in five adults argued that they would choose to save money in the bank and continue their cashless lifestyle

“Since the UK was first blocked, cash has become a bit redundant, forcing most stores except supermarkets and key retailers to close their doors,” said Libby James, co-founder of Merchant Advice Services. Told.

“Contactless payment methods have been popular for many years, but last year we were more likely to try technologies that help reduce contact with others and reduce the likelihood of infections and illnesses such as Covid-. 19. It’s very easy to send. “

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Two-thirds of adults haven’t used cash for more than 12 months-latest retail technology news from around the world

Source link Two-thirds of adults haven’t used cash for more than 12 months-latest retail technology news from around the world

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