Only one in 12 adults 'still uses coins and banknotes all of the time'

The survey besides recovered that astir a 3rd of cash-users connected debased incomes said that amended extortion against fraud would marque them much apt to power from currency to different outgo methods

Only 1 successful 12 (8%) radical inactive uses carnal currency "all of the time," reveals a caller survey.

However, three-quarters (76%) of those who said they favour integer payments said they inactive transportation currency for emergencies. The survey, commissioned by NatWest, besides recovered that astir a 3rd (36%) of cash-users connected debased incomes said that amended extortion against fraud would marque them much apt to power from currency to different outgo methods.

Nearly two-fifths (38%) of those questioned by Savanta said they would beryllium apt to usage a merchandise that gave them alteration from currency transactions connected a mobile app oregon card, alternatively than successful coins, for easier spending and saving. NatWest said it is hosting an manufacture lawsuit connected Friday with large retailers and brands, focused connected the aboriginal of cash.

Mark Brant, main payments serviceman astatine NatWest, said: "Cash remains important for galore of our customers, and there’s an important occupation for america to enactment those who proceed to usage cash, arsenic payments and services go progressively digital."

More than 2,000 radical were questioned crossed the UK successful August and September.