The body’s latest annual Payments Survey reveals debit and credit card transactions surpassed four in every five pounds spent in 2020 (81%, up from 78% in 2019). Cash now accounts for just 15% of total spending in retail, down from 20% in 2019.But that has also meant retailers incurred costs of £1.3 billion to accept electronic customer payments last year. Debit cards, which accounted for 54…
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