Annual level of cash payments in the UK 2012-2023
The use of cash in the United Kingdom (UK) decreased significantly since 2016, especially during the coronavirus pandemic. This according to estimations based on the available data regarding cash withdrawals and payment transactions. No data exists on the actual use of cash, outside of survey diaries. Such a diary, covering consumers' use of cash in shops, was held in Europe only once, in 2017. As not all payment data is readily available, like the use of OTC or over-the-counter cash withdrawals, note this can still mean that the cash share numbers provided here are not necessarily accurate.
