Britons 'using less cash than ever' as shoppers switch to debit cards

[annie]

Britons spend an average of less than £10 each time they pay by cash, as shoppers increasingly switch to debit and credit cards and buy online.


A report by the British Retail Consortium said that customers are using “less cash than ever”, with both the number of cash transactions and the average amount spent each time falling.


It found that the average value of each cash transaction is £9.47, down 17 per cent from 2009, when it stood at £11.43.


Over the same period the number of debit card transactions rose, while the average value of such payments have fallen from £31.45 to £27.58.


The consortium said this reflected shoppers increasingly paying for smaller transactions with cards instead of cash.

http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/10868725/Britons-using-less-cash-than-ever-as-shoppers-switch-to-debit-cards.html

[Rosalind]

I still like to pay by cash whenever I can.