By John Glenday

Cash transactions in the UK have slumped to their lowest levels ever, according to a new survey by the British Retail Consortium, driven by the continued rise of digital, plastic and contactless payments.

According to the retail body cash accounted for just 53 per cent of all transactions in 2013, a three per cent decline over the year and 10 per cent fall over the last five years. This slump dovetails with a rise in debit card use which hit 32 per cent (up from 30 per cent in 2012).

In terms of value however debit cards have already hit the 50 Read full story ›

Source: The Drum