Tag Archives: card payments

Could smartphones soon spell the end for card payments?

smartphone-hand-300Trains full of commuters tapping away, diners sitting in silence staring at their screens – some may think smartphones are getting the better of us.

However, Experian research has found that one in three Britons (33 per cent) believe that paying with a smartphone will take over from credit and debit card payments as the preferred method of payment by 2020.*

While cash and card payments are still the dominant force now, the survey found that people think the next five years will see a major shift, with 67% saying that cash will decrease in popularity, while two in five (41 per cent) think the use of credit and debit cards will plummet. Continue reading