Can anyone say they enjoy walking around sounding like they have raided the penny jar?!?
Figures published on Friday reveal they spent £272 billion on debit cards during the year to September, compared to £269 billion in cash.
An additional 1.6 million transactions on debit cards took place every day this summer, according to the data released by the Payments Council, a trade body representing the banks, card and cash machine industry.
It brought the total number of debit card transactions per day to 18 million during the three months to the end of September.
It brought the total number of debit card transactions per day to 18 million during the three months to the end of September.
It is the latest sign of Britain’s move towards a cashless society, with experts predicting that the use of notes and coins will continue to decline.
We now expect our debit cards to be accepted everywhere we go – in pubs and clubs, at the corner shop, online and on the high street. Having quickly supplanted cheques, then claimed the scalp of credit cards, they have now usurped cash’s throne too.
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