Less than half of consumer payments were in cash in 2015, while direct debits were worth £1.22tn
Britain has passed another milestone on the path to a cashless society, with 2015 the first year that cash was used for less than half of all payments by consumers.
Cash usage will be eclipsed by debit cards and contactless payments by 2021, said Payments UK, which represents the major banks, building societies and payment providers.
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