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15 Jul 2024

Community groups and other not-for-profit organisations in Greater Manchester can now apply for funding to set up their own bike library.

15 Jul 2024

Andrew Goodacre, CEO of ACT parent company Bira -the British Independent Retailers Association – has met with the new Secretary of State for Business and Trade Jonathan Reynolds and...

15 Jul 2024

The London Cycling Campaign has teamed up with Lime and Loud Mobility to launch a new £100,000 ‘Share the Joy’ fund to increase cycling within...

8 Jul 2024

Become a Luchos Distributor - Deal Directly

2 Jul 2024

We recently reported that a £1 billion damages claim had been filed against Amazon on behalf of retailers selling on Amazon’s UK marketplace for illegally misusing their data and...

2 Jul 2024

In the first of an occasional series of features, we are delighted to introduce you to Ross, an expert trainer in Glasgow, and one of the most recent trainers to join the Cytech family.

1 Jul 2024

ACT member e-Velo is to open a new store in the Royal Arcade in Norwich in July, selling a range of e-bikes from some of Europe's top brands.

1 Jul 2024

Bicycle manufacturers say they are optimistic about the bike industry’s growth prospects, anticipating a boost in sales – supported by a ‘positive impulse’ from the...

1 Jul 2024

Although London has some of the best cycling infrastructure in the UK it continues to lag behind European cities including The Hague and Paris, according to a new global survey.

1 Jul 2024

ACT partner V12 Retail Finance has been announced as the sponsor for the Retailers Category at the BikeBiz Awards 2024, in association with Push.

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A fifth of Brits prefer using mobile phones to make payments in shops.

Posted on in Business News , Cycles News

One in five UK consumers (20%) prefer using mobile payment services such as Apple Pay over cash (17%) or chip & PIN card payments (10%) for in-store purchases, a new survey has reported.

pay by phone

Contactless card payments remain the most popular payment option (48%), but younger consumers are driving the adoption of services such as Apple Pay and Google Pay, with three in ten 18-24-year-olds identifying mobile payments as their preferred option (30%), according to the survey.

Nearly nine in ten of those who prefer contactless payments say convenience is one of the key reasons for doing so (88%).

“Cash, on the other hand, may not be the convenient option it once was, as two in five (40%) respondents who preferred contactless said they never carried cash. In fact, nearly a third (31%) of all survey respondents said that they never carried cash, while one in fifteen (7%) admitted that they didn’t even know their PIN,” the researchers say.

“Less than half (47%) of our respondents said they would happily shop with a cash-only business, while one in seven people (13%) said that they wouldn’t because they never carry cash. One in three (33%) would still consider shopping with a cash-only business but admit that they’d find it a hassle.”

The survey also found that men are 22% less likely to choose contactless payments and that uptake varies between different UK regions, with consumers in Scotland the most likely to prefer contactless payments (63%) and consumers in Wales the least likely (33%).

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