Digital payment is now more popular than cash

Cash now makes up less than half of UK transactions

According to the Payments Council, a body that represents the payments industry in the UK, we now prefer paying for things digitally, instead of using old-fashioned notes and coins.

The report shows that the amount of cash payments made by consumer, business and financial organisations in the UK fell to 48% last year – a 4% decrease from 2013. As for the other 52%? It was made from cards, standing orders, internet and phone transactions, and other non-cash methods.