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Three quarters of Brits not paying with cash

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Cash only makes up a quarter of in-store payments in the UK, according to a recent report. Debit cards currently represent 32% of in-store payments, followed by cash (22%), credit card (15%), eWallet (5%) and charge card at 2%. It is predicted that by 2026 the use of cash will drop to 21%.

Online, direct debit is still the most prevalent payment method at 55%. An eWallet payment method is next,  representing 23% of all ecommerce transactions followed by credit card (18%), bank transfer (9%), cash on delivery (7%) and charge and deferred debit card at 6%. 

The findings were revealed by online marketplace OnBuy.com, through analysis of Worldpay’s ‘Global Payments Report’.

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