More than a quarter of payments in 2020 were contactless as cash use plunged
365 Retail
JUNE 16, 2021
With fewer opportunities to spend during the coronavirus lockdowns and large parts of the economy shut, the total number of payments across the UK fell in 2020 for the first time in six years. Overall, payments declined by 11% compared with 2019 to reach 35.6 Cash payments plunged by 35% to 6.1 billion, UK Finance said.
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