Cash usage has shrunk this year but has still been used by three in five people in the past two weeks, exclusive data for This is Money shows.
Meanwhile, nearly a quarter of retailers now no longer accept cash – with 14 per cent scrapping physical money acceptance in the past year, the Link Cash Index tracker shows.
It found 61 per cent of people used cash in the past two weeks, down from 69 per cent last year and 73 per cent in 2024.
Contactless cards at 42 per cent and phone payments at 30 per cent are the favourite way of
To provide well-rounded coverage and a breadth of insight across various events, we rely on contributions from several staff writers, each bringing their own area of expertise to our publication.
