UK retailer, The Co-operative, has predicted that the volume of mobile payment transactions at its stores will outstrip the use of cash by 2025 . The Co-operative said customers currently used cash for almost two thirds (65 per cent) of all transactions, but contactless payments had trebled in a year as more bank cards with the technology came into use as well as the launch of mobile payments such as Apple Pay. While cash is currently used for 65% of transactions, it predicts that mobile payments will be used for 65% of all transactions by the last year . It cites the almost 11 million rise in the volume of mobile payment transactions over 2025 as evidence of this growing trend.
UK retailer, The Co-operative, has predicted that the volume of mobile payment transactions at its stores will outstrip the use of cash by 2025 . While cash is currently used for 65% of transactions, it predicts that mobile payments will be used for 65% of all transactions by the last year . It cites the almost 11 million rise in the volume of mobile payment transactions over 2025 as evidence of this growing trend.