• More than half of small businesses (58%) still won’t let their customers pay by card.
  • The British Retail Consortium revealed this month that cash use has dropped 14% in the past five years.
  • Experts predict the end of physical currency inside 20 years.
  • The latest figures from The UK Cards Association has shown that spending on debit and credit cards grew by 7.2 per cent in June 2014 to £47billion.
  • The average transaction value continues to fall – moving from £49.01 a year ago, down to £47.51 in June this year.
  • Debit cards were used for 7.7billion purchases worth £337billion in the UK in 2012
  • Consumers spent £68billion online in 2013 – a rise of £5billion.
  • Monthly spending on contactless cards exceeded £100 million for the first time in March 2014 – £109.2million.
  • Over 370 contactless transactions are now made every minute in the UK – six every second. The number of monthly transactions has more than tripled in a year.
  • Nearly 300,000 contactless terminals have been installed across Britain to cater for the 30.3million cards able to use them.