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Cashless Payments Eroding Cash’s Dominance

PYMNTS

The soaring use of contactless cards for low-value payments as well as immediate payment initiatives, which will facilitate person-to-person mobile payments, will further displace cash usage over the coming years,” said Chris Herbert of Retail Banking Research.

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The Buyers: UK Shoppers’ eCommerce Habits

PYMNTS

shopper’s increased interest in online purchases seems to be twofold — cashless purchases and smartphone payments. Initially, people in the U.K. The drivers of the U.K. From 2006 at 6.7 billion purchases to 2016 at 16.4 billion, U.K. citizens are spending less physical cash and moving their buying efforts to the online world.