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UK Cash Decline and Digital Surge | Leicester News
Cash is fading fast in the UK, now just 8% of all payments after hitting 45% a decade ago — but it’s not gone yet, with nearly 50 million ATM users last year. Digital payments are exploding, with contactless transactions up 3 billion and expected to make up 41% of all payments by 2035. Debit cards still lead the pack, while services like Faster Payments let people split bills or send money easily — replacing cash exchanges. The shift to a digital economy is clear, but cash remains vital for those without access or comfort with tech — and the industry’s working to keep it available as new…
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