Britain is charging towards becoming a cashless society with almost a third of all payments now made using contactless cards.

 Cashless society comes closer as data shows a THIRD of all payments are now contactless

• Just one in six payments were made using notes and coins last year
• Data estimates by 2031 only 6 per cent of transactions made using cash
• UK Finance also discovered that 23.1 million customers used cash once a month 
• But experts say cash is making a resurgence as households budget this year 
  
  
  
  Britain is charging towards becoming a cashless society with almost a third of all payments now made using contactless cards.

• Just one in six payments were made using notes and coins last year – with cash use falling by 1.7 per cent.

  The figures, from banking trade body UK Finance estimates that by 2031 only 6 per cent of all transactions will be made using physical money.

• FULL ARTICLE AT: https://www.dailymail.co.uk/news/article-11122019/Cashless-society-comes-closer-data-shows-payments-contactless.html