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Evening Standard
Evening Standard
Vicky Shaw

57% of adults ‘are registered to use mobile wallets as cash use declines’

Digital payments are becoming more mainstream across age groups, UK Finance said (picture posed by model/Yui Mok/PA Archive) - (PA Archive)

Half of UK adults used mobile contactless payments regularly last year, while cash accounted for less than 10% of payments for the first time, according to a banking and finance industry body.

Cash made up 9% of payments in 2024, down from 23% in 2019 and 48% in 2014, UK Finance said.

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