Mark Bridge writes:
Cash is still king… but its days are numbered. That’s the message from a new report published this week by the Payments Council.
The Payments Council, which is a group of financial institutions that sets strategy for UK payments, has released ‘The Way We Pay 2010’. It shows how the last decade has seen a fall in the percentage of transactions using cash, from 73% in 1999 to 59% in 2009. In just five years time, cash transactions are expected to represent less than 50% – and a further fall to 45% is expected by 2019. Meanwhile, debit card spending in the UK rose from £65 billion in 1999 to £264bn in 2009.
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Research from the Mobile Marketing Association and Lightspeed Research has revealed that almost a quarter of all UK, French and German people surveyed had donated to the Haitian Earthquake relief efforts. A total of 28.4% of these donors had used their mobile phones to pledge money; 21.4% via text and 7% by visiting a website from their mobile device.
In the UK, 9% of all donors used text and 8.6% visited a website from their mobile phone. However, mobile usage was much higher in France and Germany, where text donations came from 30% and 26% of all donors respectively.
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This week's podcast covers Wayfinder's closure, NFC mobile phones, Digital Britain delays... and an interview with Jim Bryan, co-founder and managing director of Retrieva Limited, whose company produces a tracking and anti-theft dog collar that combines GPS, GSM and RFID technologies.
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