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Britons favor card payments for purchases worth GBP 5 or over – survey

Monday 20 July 2009 13:54 CET | News

Over half of Britons would rather use their credit or debit cards when making purchases worth over GBP 5, a recent study indicates.

According to the same research, 52 percent of female survey respondents find it easier to pay for their shopping via bank card, while 53 of male interviewees consider it is easier to pay for their purchases using cash. Overall, respondents have shown a higher inclination towards paying cash for small value items, while preferring to charge higher value purchases on their cards. With regard to the amount of cash consumers usually carry around at any one time, women were revealed to carry an average of GBP 24, while men carry on average GBP 31.

The survey was conducted by UK financial services provider The Co-operative Bank.


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Keywords: The Co-operative Bank, UK, credit card, debit card spending
Categories: Payments & Commerce
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Countries: World
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