Plastic Overtakes Cash
UK spending on credit and debit cards has overtaken cash for the first time
29th December 2004
Plastic has now overtaken cash in terms of UK spending volume, according to APACS, the trade body for the electronic payments industry.
In 2004, it is estimated that £269bn will have been spent on credit and debit cards, compared to £268bn in cash.
It is the first year where plastic has overtaken cash since the first UK credit card was introduced 40 years ago.
Read More: APACS
|
More on Debit Cards : Debit Card Use Overtakes Cash (News, 24/04/2006), £437bn Spent on Debit and Credit Cards (News, 12/10/2005), Halifax Launches Cashback Debit Card (News, 15/12/2004), Halifax Card Switch Blocks Thousands from Online Shopping (News, 16/05/2004), International Debit Card Use on the Rise (News, 03/02/2004), See all 7 Debit Cards stories >>> |
Home - Credit Cards
