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

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Dec. 3 (Bloomberg) -- 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.

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