How We Pay for Things

24% Total Value in Cash Transactions £176,254 million 33% Supermarkets HOW WE PAY FOR THINGS 22% Department Stores 66% Total No. of Transactions in Cash 15,432 million 26% Clothing 55% 49% 43% Total No. of Transactions 23,413 million 27% Shoes How much we spent in different areas, and how much of it was in cash. 42% 20% Furniture Household Equipment 35% Coins and notes will be used in less than half of all transactions within five years after payments made by cash slumped from 73% to 59% over the past decade, according to new research. A new report, The Way We Pay 2010', published by the Payments Council shows a payments revolution occurred in the noughties. Presented here are the breakdown of figures for UK cash spending over the noughties against transactions. Retailers 67% 43% Chemists Total Value £739,592 million 49% 33% 29% DIY 33% 17% Electrical 92% Any Other Organisation or Individual 62% Travel I Hotel 59% 75% 19% Travel Agents Confectionary • 90% 83% Airline, Railway Bus, Coach, Taxi Car Rental 7% Holidays 44% Cheques Foreign Currency 11% Jewellers 68% •72% Financial 25% 76% Off-Licence 14% Hotel Guesthouses 32% Hotels eating and drinking 17% 15% 83% Airlir (tickets) 19% Mail Order 42% 36% 23% 37% Other 21% Entertainment | Leisure 70% 2% Internet only 72% 10%. 13% Airline (holidays) 20% 17% *39% 83%. 11% O Hotel room bills 84% 11% 25% 59% 8% 29% Any Other Individual Airline 4% O (other) other Hotels (other) 20% Garages 18% Any Other Organisation 37% Selected UK Payment Volumes and Value ( Billions ) 82% 89% KEY 65% 50million transactions Debit Cards Credit/Charge Direct Debits nirect Credits Cheques 5.4 | 241 84% 41% Cards 31% Other Cash Pub/Club/Bar 22.6 | 267 2.01 139 3.1 1 935 2.4 | 3000 1.4 | 1429 • = £100million 32% No. of Transactions - No. of Cash Transactions % of Transactions in Cash Cinema/Theatre Concert Hall 38% Where people get their cash from Transaction I Value ( Millions ) Restaurant Cafe Value of Transactions Value of Cash Transactions % of Value in Cash Consumer Cash Payments by Value fst Cheque Encashment 48 | 8,881 Plastic Card at Financial Services Technology www.fsteurope.com Counter 65 | 12,731 Other 47 1 636 Volume Billions 4 Rardal Servio Tech Benefits in Post Office 228 | 27,658 Business/Employer 124 | 10,134 Cashback 260 16,695 ATM Withdrawal Sources: Guardian I Payments Council 2,862 | 190,101 <£1 £1-5 £5-10 £10-25 £25-50 £50+ Created by Robin Richards Twitter: @ripetungi £3.50 - Median average for cash transaction