Retailers

Card retail transactions up to 81%, survey finds

This is up from 78% in 2020, according to the latest annual payments survey by the BRC

Debit and credit card retail transactions surpassed four in every five pounds spent in 2020 (81%, up from 78% in 2019), according to the latest annual payments survey published by the British Retail Consortium (BRC)

Cash use now accounts for just 15% of total spending in retail (down from 20% in 2019), though it still accounts for 30% of individual transactions, with the change attributed to The pandemic and digital shift.

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