Cash Remains King in UK Shops

shopping bags

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
I’m a UK-based B2B marketing consultant, specialising in strategic advice for SME business owners. I bring extensive hands-on expertise to every client engagement. Senior leadership roles across technology, media, payments, and publishing have shaped my practical approach. Highlights include serving as Chief Marketing Officer at The Panoply plc (now TPXimpact), Chief Commercial Officer at Tungsten Network, and Global Marketing Director at BBC Worldwide. Over the years, I’ve guided numerous SMEs through transformation and value creation. Helping businesses evolve and thrive is a genuine passion. Practical marketing insights and succession planning strategies are at the heart of what I do, as I believe growing a business’s asset value should be a rewarding and positive journey for every entrepreneur.

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