FinancialIT: Just 7% of UK Shop Payments Predicted to be Cash by 2024

Vince Graziani, CEO, IDEX Biometrics ASA comments: “The prediction that just 7% of in-store purchases in the UK could be made in cash by 2024 comes as no surprise as we rapidly accelerate towards a cashless economy. In recent years we have seen a widespread change in consumer behaviour propelling the desire for a cashless society forward – including for those who were previously sceptical of going cashless.

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