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Cash usage was rapidly declining before the pandemic, and the events of the last year has accelerated this process. The UK is already one of the least cash reliant countries in the world and many studies predict a cashless society as soon as 2026. Consumer behaviour has changed and eCommerce, contactless, credit and debit payments are the norm. Card payments are also quicker, safer and more efficient for businesses. In a dynamic market, businesses need to be up to date with payment processing technology to stay competitive.
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