Story perspectives
Digital Wallets Surge as Cash Still Holds Relevance
9/5/2025
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Story summary
- Less than half of British people carry a wallet, despite 80% owning one.
- The shift to digital wallets, like Apple Pay and Google Pay, drives this trend.
- Millennials and Gen Z favor smartphones or watches for payments.
- Over 60% faced digital payment failures, causing 20% to abandon transactions.
- More than half used cash in the past week, showing its ongoing relevance.
