Brits like flashing the cash dahn the shops
Despite the credit card boom, when it comes to shopping, it seems that us Brits still favour good old fashioned pictures of the Queen instead of paying with plastic. The British Retail Consortium analysed 10 billion retail transactions from last year – and cash was used in 54% of all purchases.
Debit cards came a close second at 30%, while credit cards only represented 11% of transactions. With credit card charges so astronomical for both the consumers and the retailers, that's hardly surprising.
But while we prefer to wave our wad at the till when we buy a pint of milk and a copy of Razzle, vouchers and online coupons are becoming increasingly popular.
It’s a method of payment that may become even more widespread, says Helen Dickinson, Director General of the BRC : ‘These methods will be the 'ones to watch' in the future, and retailers are investing heavily to make sure their customers have choice and convenience in ways to pay, whether in-store, at home or on the move.’
Jesus. Will we soon all start going to the fish counter at Asda and saying ‘WOWCHER!’?