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Evening Standard
Evening Standard
Vicky Shaw

Cash use increased for the second year in a row in 2023, say retailers

Cash accounted for 19.9% of retail transactions in 2023, the British Retail Consortium said (Peter Byrne/PA) - (PA Archive)

Cash accounted for nearly one in every five retail transactions last year, according to a trade association, as households made smaller purchases to eke out their budgets.

The British Retail Consortium (BRC) recorded a rise in the use of cash for the second year in a row, accounting for 19.9% of transactions in 2023, up from 18.8% in 2022.

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