# Younger generations favour cash payments over digital

- Link: https://fundraising.co.uk/2016/04/08/younger-generations-favour-cash-payments-digital/
- Published: 2016-04-08T09:56:34+01:00
- Author: Melanie May

**The UK is still far from becoming a cashless society, according to research from
[First Capital Cashflow](http://www.firstcapitalcashflow.com/).**

The direct debit facilities management company questioned 750 people over their 
preferred payment methods, with the findings revealing that one in three people 
still prefer to use cash.

18-34 year olds are most likely to pay for goods or services with cash – 67% said
they preferred it, while the over-45s are the most likely to use credit cards. 77%
of those who chose this as their favoured payment method were in this age bracket.
Men (34%) are also more likely to pay for goods with cash than women (22%).

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Overall, debit cards are the UK’s preferred method of payment, accounting for 39%
of the vote, followed by cash (32%). 15% chose credit cards, 10% prefer online wallet
solutions such as Apple Pay, and 3% still routinely use cheques.

Louisa Buckingham, marketing executive at First Capital Cashflow said:

> “We’re quick to assume that it’s older people who need the most convincing to 
> give up on antiquated forms of payment, but this isn’t necessarily the case. 18-
> to-24-year-olds are four times as likely to use cheques as those aged between 
> 45 and 54. It’s a little surprising to see such little uptake of modern technology
> like PayPal and Apple Pay among the youngest age group, but as more variations
> of this technology come to market, uptake will inevitably increase.”

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