The total number of cash payments made by consumers, businesses and financial organisations in the UK fell to 48% last year, marking the first time that non-cash payments have exceeded those made with cash, the Payments Council reports. Some 52% of consumers continued to use cash for more than half of their transactions in 2014, however, and “there is no prediction for cash to disappear”.
- UK consumers eye up iris scanning for banking biometrics
- LG to develop its own MST technology?
- Samsung Pay set to go live in Canada?
- NXP to be bought by Qualcomm in US$47bn deal
- NFC to lead sharp rise in global smart packaging market