Study by John Howells Reveals Continuing Reliance on Cash Despite Digital Shift

Friday, 21 June 2024, 05:00

The utilization of cash has significantly decreased in recent years, although a substantial number of individuals continue to depend on it for transactions. The preference for online banking and contactless payments has surged but has not entirely replaced the traditional use of cash. John Howells' study sheds light on the enduring significance of cash in today's digital payment landscape, highlighting the coexistence of cash and digital transactions.
Daily Mail
Study by John Howells Reveals Continuing Reliance on Cash Despite Digital Shift

Study Details:

The utilization of cash has significantly decreased over the years. Many individuals still rely on cash transactions despite the popularity of online banking and contactless payments.

Key Findings:

  • Substantial number of individuals continue to depend on cash.
  • The preference for online banking and contactless payments has increased.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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