One in five Brits now never carries cash, a recent study has found.
Researchers who polled 2,000 UK adults found many are now opting to pay using different methods such as chip and pin and smartphone payments.
Half believe cash is ‘on the way out’ and will ‘soon’ be superseded by alternative ways of paying for goods and services.
Founded in 2003, Mi-Pay Group plc (LON:MPAY) delivers fully outsourced online and related payment and fraud management solutions to digital ecommerce clients, primarily in the mobile and digital content sector. Its product offering provides the infrastructure to enable pre-paid mobile devices to be topped up via a variety of channels such as websites, mobile applications and social media applications and customers include Mobile Network Operators (MNOs) and Mobile Virtual Network Operators (MNVOs), additionally managing and indemnifying the data security and payment fraud risks. Mi-Pay sells, integrates and operates its products and solutions on a global basis.