Cashless society comes closer as data shows a THIRD of all payments are now contactless

Daily Mail News

PUBLISHED: 20:57 EDT, 17 August 2022 | UPDATED: 21:00 EDT, 17 August 2022

Britain is charging towards becoming a cashless society with almost a third of all payments now made using contactless cards.

Just one in six payments were made using notes and coins last year – with cash use falling by 1.7 per cent.

The figures, from banking trade body UK Finance estimates that by 2031 only 6 per cent of all transactions will be made using physical money.

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