Payments UK thinks cash payments will halve from 40% of all payments made in 2016 to 21% by 2026.
Barclaycard believes that charities will miss out on an estimated £80m if they don’t take up contactless payments.
Simon Black, CEO of epayment company the PPRO Group says: “If charities don’t implement alternative payment methods as a priority, they will risk being left behind by organisations who do. Retailers have acted swiftly to introduce contactless payments, it is now time for charities to do the same.”
http://www.bbc.co.uk/news/business-40802807
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