Cash is no longer king. It’s dying. New figures show 80% of sales are with a debit or credit card. Debit cards are most popular – 57% of sales according to the British Retail Consortium, but this is the first time credit card use has overtaken cash.
Is this a good thing? Cards definitely come with lots of benefits, but so do cards. So should we be worried about a cashless society? in this episode of the award-winning Cash Chats podcast, Andy has taken a look at the pros and cons of both cards and cash.
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Further reading
Contactless payment declined? You might just need to enter your PIN
Credit card spending overtakes cash for the first time (The Guardian)
Poorest areas hit hardest by loss of free cash machine (Which?)