The popularity of online shopping is changing the way Britons pay for goods and services.
This is according to the British Retail Consortium (BRC), which found that cash payments declined by ten per cent last year.
Instead, shoppers were increasingly using debit cards and newer online payment methods such as PayPal. Just over half (54.5 per cent) of transactions are now paid in cash.
"New ways to pay and new ways to shop are shaping the retail landscape like never before," said Helen Dickinson, BRC director general.
She added that payment methods such as PayPal are the ‘ones to watch' in the future, which means retailers will be investing heavily to make sure their customers have choice and convenience in ways to pay, regardless of their location.
To make the most of the opportunities provided by online shopping, a fast and reliable broadband connection is a must.
Posted by Mark Wynn