Wednesday, 3 August 2011

Cash vs cards

A new Barclays/Barclaycard survey says that people prefer plastic. Do we? Their research finds that one in eight shoppers no longer carry cash and half believe coins and notes will become obsolete in the future. So seven in eight still carry cash then?

The findings of that survey are in contrast to research commissioned by retail and banking technology company, Wincor Nixdorf. Their results, published last week, showed that over two thirds of shoppers in the UK believe cash is still king. Of the consumers questioned on behalf of Wincor Nixdorf, 58 per cent save cards purely for large transactions and almost a third felt more in control of their finances when paying by cash.

Nearer the mark, I would say.

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