Cash is still King.

Cash is still King.

More shoppers are paying with digital wallets but use of cash also rises. Consumers’ use of mobile contactless payment surged in 2023, with 42% of adults registered for services like Apple Pay and Google Pay, up from 30% in 2022. UK Finance and Accenture’s Payment Markets report also noted a rise in cash usage, with 2.6% of people mainly using cash, up from 1.7% in 2022. The total number of payments in the UK increased by 5% to 48.1 billion.
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