Paying by credit card or debit card are popular around the world. We don’t have to carry a great amount of money when we purchase. In the past, the residents in UK loved to pay on notes and coins much. There is data showing that cashless payments are now more popular in UK than notes and coins.

The UK will take some time to be going all-digital country. But they use cards, smartphones and online banking more often than physical currency.

Around 52 percent of all transactions are now cashless based on the data from the Payments Council. And there are 24 percent of transactions are paid by debit cards.

However, the volume of notes’ and coins’ transactions accounted for 52 percent of all payments last year. The figure is declining.

The cashless payments are on the rise, and the figure shows they increased from a 20 pounds limit to 30 pounds by last September. And the residents in UK will be soon able to use new technologies to pay such as Apply Pay.

In UK, the number of cash machines reached at 69,382 in 2014 which it was an unprecedented high. And the free-to-use terminals are also increasing with a rate of 5.2 percent per year.