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    Debit card payments more popular than cash.

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    papa_umau
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    Debit card payments more popular than cash.

    Post by papa_umau on Mon 18 Jun 2018, 11:56 am

    Debit card payments have overtaken cash use for the first time, new figures show, as contactless technology takes a firm hold on day-to-day spending.

    A total of 13.2 billion debit card payments were made last year, a rise of 14% on the previous year, according to banking trade body UK Finance.

    That outstripped the 13.1 billion cash payments made, as the use of notes and coins dropped by 15%.

    An estimated 3.4 million people hardly used cash at all during the year.

    The annual report into the way consumers make payments revealed that the UK is a nation of spontaneous spenders. Only 15% of the 38.8 billion payments made in the UK in 2017 were for regular bills and commitments.

    Read on about this BBC News article HERE




    Well, I guess we all saw this coming, as more and more it is much easier to pay by contactless debit cards than to pay by using cash.

    I can see cash payments going the same way as cheques have already gone.

    Opinions please.


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    zathrus
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    Re: Debit card payments more popular than cash.

    Post by zathrus on Thu 21 Jun 2018, 11:31 am

    What does "bump" mean Paps ?

    Anyway, back to the topic: I find myself regularly going for the contactless cards when paying for something under 30.00

    It is now becoming a habit for me.
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    papa_umau
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    Re: Debit card payments more popular than cash.

    Post by papa_umau on Fri 22 Jun 2018, 12:10 pm

    "Bump" is just a technique that internet writers use to bring their latest input to the top of the form.

    It is easy to delete afterwards.


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    Angie baby
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    Re: Debit card payments more popular than cash.

    Post by Angie baby on Sat 23 Jun 2018, 11:14 am

    I often wondered what was going on when that happened. Now I know.

    Thanks for explaining it Papa.
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    papa_umau
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    Re: Debit card payments more popular than cash.

    Post by papa_umau on Sun 24 Jun 2018, 12:02 pm

    The action of using the empty "bump" line for rising a post to the top of the form is frowned upon by regular internet-users.

    That is why I do not often use the technique and when I do I always delete it afterwards.


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    Hell's Granny
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    Re: Debit card payments more popular than cash.

    Post by Hell's Granny on Tue 24 Jul 2018, 1:46 pm

    Just another excuse to get rid of ATMs. Will make it difficult for the oldies with Luddite tendencies, such as me!

    Will also make stuff difficult for market traders, who use cash as their main income flow.
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    papa_umau
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    Re: Debit card payments more popular than cash.

    Post by papa_umau on Thu 26 Jul 2018, 11:26 am

    The main banks have already tried to make many autotellers useless by breaking away with the Link network.

    This had the effect of making the Link company bend over backwards to keep including the big banks as their autotellers too.

    I knew about this as I got an e-mail from my bank - Nationwide - that told me that from "today" the Nationwide debit card would not work in Link machines.

    I enquired at the my bank about this the next day and I was told that a deal HAD been done with Link and that my card would again work in any of the Link machines.


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