£4 of every £5 spent in UK now paid for with cards
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Card payments made up over 80 per cent of all payments in the UK last year as the pandemic led to an “accelerated cash decline”.
According to the British Retail…
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Retailers are refusing to take cash despite easing of restrictions
One in five people are still being blocked from paying with cash despite the easing of social distancing restrictions according to Which?.
This was most likely to happen while grocery…
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Pandemic has driven contactless spending up 30%
Contactless card spending will account for almost half of all transactions made in the UK by the end of next year as the pandemic has “forever changed the way consumers…
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Subscriptions, cash and voice transactions: 5 retail stats you need to know today
Charged has pulled together some of the most vital and insightful figures from across the retail industry this week, covering everything from voice transactions to interactive aisles.
Voice Assistant Transaction…
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‘Click & collect cash’ service to be rolled out to more UK locations after successful pilot
The UK’s first ‘click & collect cash’ trial is set to be rolled out to more locations across the country following “fantastic” feedback.
The trial, which was launched in Burslem…
Read MoreCash usage plummeted 35% last year as contactless and mobile payments skyrocket
Cash usage plummeted 35 per cent last year as the pandemic drove “some marked changes in payments behaviour”.
Physical cash was used to make 6.1 billion payments in the UK…
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The UK will be almost cashless by 2024
Cash will be almost entirely abandoned in the UK by 2024 as the pandemic saw the use of physical currency drop by 11 per cent.
New data from payments giant…
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New “coinless, not cashless” app Shrap being tested in the UK
A new “coinless, not cashless” app is being trialled in the UK allowing retailers, pubs and restaurants to continue accepting cash without dealing with small denomination coins.
British start-up Shrap…
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John Lewis, Asda, Aldi and Lloyds Pharmacy sign up to “cash-friendly pledge”
John Lewis, Aldi, Asda, Co-op, Lloyds Pharmacy and Waitrose have all signed up to a new cash acceptance pledge committing to continued acceptance of cash payments.
The campaign is being…
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PayPal CEO predicts “tremendous decline in the use of cash” within the next 10 years
PayPal chief executive Daniel Schulman believes there will be a “tremendous decline in the use of cash” within the next 10 years, according to an interview with Time Magazine.
Schulman…
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Rapid grocery delivery has been one of the pandemic’s biggest winners, with the industry growing exponentially over the last 18 months and brands including Getir, Weezy and Gorillas all taking…