cash payment news and archive

UK consumer card spending overtakes cash

Consumer card spending overtook cash spending in 2018, according to new research from the British Retail Consortium, with cash payments dropping to third place behind debit and credit card spending. The Payment Survey reveals that debit cards remain the most popular method of payment, accounting for almost three-in-five transactions. The use of...

Fashion

New payment methods lack consumer trust

New research shows that for all retailers efforts to install new payment methods and technology, customers are still choosing cash as a preferred way to pay. Wincor Nixdorf, the global solutions provider which conducted the research, found that 63 percent were open to the idea of life without cash but only if the right infrastructure is put in...