Debit card payments overtake cash for the first time

Keumars Afifi-Sabet
2 min 58 sec ago
BusinessDebit card transactions overtook cash as the most frequently used payment method for the first time towards the end of last year, according to figures released yesterday.
An increase in debit card payments last year of 14% was mirrored by a fall in cash payments by 15%, taking the number of recorded transactions for the two methods to 13.2 billion and 13.1 billion respectively in 2017.
UK Finance, the body that represents the UK's financial services i