Brits opt for mobile phone payments as cash usage declines
Briefly

Brits opt for mobile phone payments as cash usage declines
"From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging. At such a critical moment in US history, we need reporters on the ground."
"Figures from UK Finance show cash comprised just 9 per cent of payments in 2024, a stark decline from 23 per cent in 2019 and nearly half (48 per cent) a decade earlier in 2014. The banking and finance industry body highlighted a growing reliance on phones, watches, and other mobile devices for managing finances and making purchases. Last year, 57 per cent of adults were registered for mobile wallets, a significant increase from 42 per cent in 2023."
The Independent seeks donations to fund on-the-ground reporting across topics including reproductive rights, climate change, and Big Tech while maintaining a paywall-free model. The outlet aims to present facts from multiple perspectives and relies on reader support to continue sending journalists to cover developing stories. In the UK, cash payments fell to 9 per cent of transactions in 2024, down from 23 per cent in 2019 and 48 per cent in 2014. Mobile wallets grew substantially, with 57 per cent of adults registered and 50 per cent using mobile contactless payments at least monthly, including rising adoption among older groups.
Read at www.independent.co.uk
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