In the UK, debit and credit cards account for more than 85% of payments made to businesses each year. This figure is expected to grow to more than 95% by 2031.
However, despite cards being a preferred method of payment for so many people, there is still an element of uncertainty and misunderstanding about how secure cards really are.
Personal finance experts, https://oceanfinance.co.uk/ have surveyed 1,000 Brits about their money memory, in order to uncover how financially forgetful Brits have become due to their reliance on fintech i.e. contactless payments, auto-fill passwords.
Unfortunately, their findings are quite worrying when it comes to Brits’ money memory
