Contactless credit card technology becoming 'more familiar to the young'
The younger generation is becoming more attuned to new credit card technology such as contactless cards, a leading figure at Apacs has said.
Contactless credit card technology becoming 'more familiar to the young'”
Sandra Quinn, director of communications at the UK trade association for payments, said that despite the success of these technologies, she does not predict that Britain will become a totally cashless society.
According to Apacs figures, debit and credit card payments in the first quarter of 2009 had a total value of £94.2 billion.
This is in comparison to 696 million cash machine withdrawals in the same time period, according to the independent automated teller machine operator.
Ms Quinn argued that people will continue to use cash, although companies promoting contactless cards think that they have found the answer to low-value transactions without using cash.
"We're certainly not predicting [a] cashless [society] for a very long time. People feel comfortable with cash and will continue to use cash," she said.
Written by Sam Dawson ©
