Britons ditching cheques and paying bills by contactless card, figures show
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Britons are now more likely to pay by contactless card than with a cheque, new quarterly figures show.
Less than a third of Britons (31%) have used cheques in the past three months, down from 40% who used them to make a payment in 2015, analysts Mintel said.
Cheques are now the least likely method British shoppers choose to pay with, behind contactless debit cards (39%) and contactless credit cards (34%).
Just 28% of consumers used a contactless debit card to make a payment last year, but this has grown to 39%, while the use of contactless credit cards has increased from 28% last year to 34%.
However, 54% of consumers are not comfortable with the potential for a completely cashless society.
Almost all Britons (97%) used cash in the three months to April, making this the most common payment method.
Mintel financial services analyst Rich Shepherd said: “Part of the reason for the rapid increase in the use of contactless cards is the simple fact that they are now much more widely accep...
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