UK Finance said: 'Anecdotal evidence suggests that people are, for example, making more smaller visits to supermarkets rather than doing one large shop.' In fact, cash was Britons' second-favourite way to buy things in 2022, according to UK Finance data. Contactless payments are on the riseDuring 2022 the number of contactless payments made in the UK increased to 17billion payments, up from 13.1billion the previous year. There has also been growing consumer confidence in contactless payments, UK Finance said. Cards and remote banking transfers are the main reasons why cheque use is falling, UK Finance said.

Source: Daily Mail September 15, 2023 09:36 UTC