Cash payments projected to fall to 4% by 2035, but remain 'important'
UKPulse Money Desk
Cash is forecast to account for only 4% of all payments in Britain by 2035, despite remaining significant for millions of people.
- Cash is projected to make up just 4% of all payments in Britain by 2035.
- Cash is described as remaining 'important' for millions of people.
- A growing number of shops and restaurants have switched to cashless operations.
Cash payments are expected to constitute only 4% of all transactions in Britain by 2035. Despite this projected decline, cash is still considered 'important' for millions of individuals.
Many shoppers have expressed frustration as an increasing number of shops and restaurants have transitioned to cashless operations in recent years.