Card Expenditure Statistics April 2014

Credit Cards

“It is interesting to see that as the average amount people spend in each transaction goes down, there is an increasing preference for cards over cash. A major driver of this trend is the increased use of contactless cards – for example, people buying their lunch or a small bag of groceries – and feedback from cardholders shows they value the speed and convenience of this method of payment. This displacement of cash is only likely to continue as contactless cards are rolled out on public transport networks such as Transport for London, and more widely across the UK in the coming years.”

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