Mobile payments on the rise but cash decline slows
Summary
More people in the UK are using mobile phones to pay for things instead of cash or cards. Though cash use is going down, the drop is slowing, and many people still prefer to use cash.Key Facts
- Two-thirds of UK adults had at least one mobile payment service last year.
- Mobile payments have grown since Apple Pay arrived in the UK about 10 years ago.
- About 90% of mobile wallet users have their debit card set as the main payment method on their phone.
- Over 80% of people aged 16 to 34 regularly use mobile payments.
- Debit cards, including those on phones, made up 54% of all payments in 2025.
- Cash was used in 8% of payments last year, or about 3.9 billion times, and is expected to drop to 4% by 2035.
- Cheques are almost gone, making up only 0.2% of payments in the UK last year.
- Many people, especially those with lower incomes, still rely on cash, so access to cash machines remains important.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
