According to figures from the Halifax, of every £100.00 spent in the UK (not including credit), debit cards account for £28.87, direct debits for £19.90, so-called ‘faster payments’, which covers internet and smartphone transactions, for £12.81, cheques £11.28, standing orders £7.82 and 'other' methods of paying bills £1.34.
(This means that only £17.99, is spent in cold, hard cash, down by £3.03 on a year ago, So maybe the death knell is already ringing for the money in your pocket.
+Andrey Orlov - It's funny how sometimes people ask me a question in a session, and then it crops up in the news. 🙂
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