Covid-19 has had a number of knock-on effects on society as the pandemic has reached all areas of how we live. One of these is the pace of switching to digital methods of payment.
The maximum single payment via a contactless credit or debit card has jumped to £100. While the number of times we are visiting cash machines has fallen, we are taking more out per visit compared to pre-pandemic times, an increase from an average of £66.99 to £78.54. It makes sense – although the total amount people are taking out per month has fallen from an average of £200.97 to £157.08.
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