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07/07/04
Plastic set to become more popular than cash
According to The Way We Pay industry report released today, debit cards are leading a trend which means that in 2004, for the first time, plastic card payments will outstrip cash payments for goods and services.
A summary of the report findings is detailed below.
£243.9 billion of plastic card payments in 2003 expected to grow to ?269 billion in 2004, overtaking cash payments of £268 billion
Debit cards lead the growth, accounting for 64.9 per cent of plastic card transactions in 2003
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