The future of payments in the UK - where do we stand on the road towards a cashless society?

1. 4 billion pounds worth of
contactless monthly
transactions in UK
7 billion pounds worth of
mobile transactions in
2016
An average of 190
million monthly online
transactions in 2016
Did you know
Cash(LESS)
BAD
news
about
4good
news4
All data displayed regards the United Kingdom.
Good news
2018
4
3rd
It's and we are moving away from cash and towards
other, better solutions.
The United Kingdom is the most cashelss society in the world.
Here are facts you might not know about payments in the UK.
1.
Cash is being used less and
less
2025 | 25%
2015 | 45%
2005 | 64%
Cash is being used less
in any kind of
market, both by
businesses and
consumers
Cash usage in UK
The average adult in UK made 648 payments in 2015
and the estimate for 2025 is 662.
Of which:
2. Cards are taking over
Cash (27%) Digital (73%) Cash (17%) Digital (83%)
2015 2025
estimate
times
more
cards
than
people
in UK
almostIn 2016
there were
65M People 164M Payments Cards
Almost everyone buys online
How many of all online users
made an online purchase?
(% of all users)
3.
0
10
20
30
40
50
60
70
80
90
Internet users that made online purchases
UK
Germany
France
Spain
Italy
The columns on the left side represent 2015 data; the columns
on the right are an estimate for 2025.
4.
More and more people pay with
their phones
Mobile transactions were
made in 2016
38 MILLION
Where do we pay with
mobile?
2016 2017 2018 2019 2020 2021 2022
0
500000
1000000
1500000
How much do we
pay?
Supermarkets | 54%
Pubs | 20%
Pharmacies | 9%
Other | 17%
Transaction Value of
mobile payments
BAD news
These are of
the problems
that we are still
facing but
shouldn't be.
4
Costs and
dangers
exposed in a
transparent way
with real data.
How many notes
were around in 2017?
The costs of cash
£73 BILLION
And a yearly
production cost of
more than
£3.6 BILLION
Of which
£23 BILLION
£80
MILLION
870 MILLION
were damaged
or destroyed
For a value of For a value of
1.
Forging
£12.4
BILLION
353 THOUSAND
Counterfeit notes
found in 2016
For a value of
2.
237 THOUSAND
Counterfeit notes found
in the first half of 2017
Average Cost per Robbery
20.. 20.. 20.. 20.. 20.. 20.. 20.. 20..
0
1000
2000
3000
4000
5000
6000
Years
Costin£
59
THOUSAND
Robberies in 2016/17
in England and
Wales
Robberies England and Wales
2.. 2.. 2.. 2.. 2.. 2.. 2.. 2.. 2.. 2.. 2.. 2..
0
50000
100000
150000
Years
Numbersofrobber..
As cash usage goes down,
the number or robberies
decrease
Robberies
3.
And so does the value of
the money robbed
Lost and
never found4.
In the last 5 years
1 every 10 people
lost their wallet
Where to be
more careful
ranks the safest place with an
average possibility of loss
The area between Aberdeen,
Birmingham and London is the highest
at risk with up to possibility
Northern Scotland
5%
15%
What could we achieve if we get
there?
Stop carrying around our
wallets! Everything will be
stored in cards or phones
Huge hit on the illegal
drug market
Huge hit on every illegal
black market
Thieves won't find cash
in banks or homes
and much more!
What's your opinion on a
cashless society?
Share your thoughts with us!
1. https://www.paymentsuk.org.uk/file/2535/download?token=Zzf1AsmT
2. https://www.paymentsuk.org.uk/sites/default/files/publication-free/UK%20Payment%20Markets%20Summary%202016%20-
%20Free%20Download.pdf
3. https://www.statista.com/statistics/251306/nfc-payment-transaction-value-in-the-united-kingdom/
4. http://www.theukcardsassociation.org.uk/contactless_contactless_statistics/index.asp
5. https://www.bankofengland.co.uk/statistics/banknote
6. https://www.statista.com/statistics/303349/robberies-in-england-and-wales-y-on-y/
7.https://mozy.ie/about/news/reports/lost-and-found/
8. Some of the used icons are from flaticon.com and freepik.com
Sources
Infographic by Marco Leonardi