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Link Survey Finds 54% of UK Consumers Were Encouraged to Pay Cash
Survey results show 75% of those asked to pay with cash completed their purchase, Link said.
- In September, 54% of people visited businesses that encouraged cash payments, according to research from Link, with encouragement ranging from signage to direct staff requests.
- Northern Ireland residents were particularly likely to be encouraged to use cash at 69%, with 88% complying; similarly, 82% of people in Scotland and 78% in Wales obliged when asked.
- Among those asked to pay with cash, 75% of people completed their purchases using physical currency, indicating most are happy to use cash for specific services.
- Link published a "keeping choice alive" report based on a survey of more than 1,100 SMEs, with director of strategy Graham Mott saying cash remains a practical choice for millions.
- Projections from the Payment Markets Report expect cash use to account for just 4% of payments by 2035, even as some businesses are turning "cashless" to address fraud and security concerns.
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7 Articles
7 Articles
Coverage Details
Total News Sources7
Leaning Left4Leaning Right0Center2Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
Factuality
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