Britain has passed another milestone on the path to a cashless society, with 2015 the first year that cash was used for less than half of all payments by consumers.
Cash usage will be eclipsed by debit cards and contactless payments by 2021, said Payments UK, which represents the major banks, building societies and payment providers.
In 2015 cash made up 45.1% of payments, compared with 64% in 2005, and is expected to fall to just a quarter by 2025. It will largely be replaced with payments by contactless cards, which have soared in popularity.
The Guardian: Cashless Britain advances as contactless and debit cards thrive
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