U.K. Debit-Card Use Overtakes Cash Transactions, FT Reports

U.K. debit-card use overtook cash payments for the first time in the 12 months to Sept. 30, the Financial Times reported, citing the Payments Council, an industry group.

A total of 272 billion pounds ($426 billion) was spent by means of debit cards, compared with 269 billion pounds of cash, the newspaper said.

To contact the reporter on this story: Alan Purkiss in London on apurkiss@bloomberg.net.

To contact the editor responsible for this story: Colin Keatinge in London at ckeatinge@bloomberg.net.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.