Contactless payments may seemingly be all the rage in the U.K., but they have some catching up to do to one of the oldest payments methods in the world: cash.
While a significant shift toward alternative payment forms was seen for the first time in 2014, cash continues to be the champion of payment methods in the U.K. as measured by number of transactions, with 48 percent of transactions made in cash, according to the U.K. analysis of the PYMNTS.com Global Cash Index™.