In 2017, the UK passed a significant milestone. It was during this year that debit card payments overtook cash payments for the first time, with consumers using their debit cards 13.2 billion times, including 5.6 billion contactless payments. Since then, this trend has only continued, and cash payments are projected to keep on falling for the foreseeable future. By 2028, it is predicted that cash will only account for 9% of transactions.
This is incredibly significant for retailers, big and small, online or offline. With card payments becoming more and more common, and payment apps like Apple Pay and Google Pay growing in popularity, it is absolutely vital that your business can handle these in an efficient, secure and reliable way.Continue reading