Use of physical cash one for the up for first time in at least a decade

Across the UK, cash accounted for 19 per cent of transactions in 2022, according to the British Retail Consortium (BRC) up from 15 per cent in 2021.

The rebound of physical cash also reflects a natural return to coins and banknotes following the abrupt move to contactless during the coronavirus pandemic, the report said.

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