Finance Monthly: Cashless Confusion: Consumers Are Keeping Their Cards Close

n today’s climate, new innovations such as mobile payments have seen our payment habits change substantially. Despite this shift however, the payment card is very much still alive with six-in-ten (60%) UK consumers stating they would not give up their debit card in favour of mobile payments. In fact, a further three quarters (75%) of UK consumers are concerned about the UK becoming a cardless society, where they no longer have access to a physical debit card and can only rely on mobile payments.

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