Kevin Harrington

Cash Remains King in UK Shops

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Kevin Harrington

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Alternative/emerging means of payment, such as online payments and money-off coupons, grew last year seemingly by 150%, although these remained a fraction of the total. But cash remains the dominant payment mechanism.

Cash is still the most popular form of payment in UK shops but the popularity of vouchers and coupons is on the rise, research has suggested.

The British Retail Consortium (BRC) analysed 10 billion retail payments in 2012 – 60% of all UK retail sales.

Cash accounted for about 54% of all transactions, but non-cash, non-card payments rose from less than 2% to 5% of the total.

via BBC News – Cash remains king in UK shops, says BRC.

See also, Business Gets Mobile.

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Kevin Harrington Partner
Kevin Harrington is a Partner at Exit Factor UK, helping SME owners increase business value & build a rewarding, well-planned exit. Former CMO at BBC Worldwide.
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