The UK will not become a cashless society for some time - if at all, according to the UK payments association.
Britons are not likely to completely switch from cash to credit cards anytime soon, Apacs has suggested.
The latest figures from the UK payments association show that plastic card spending as a whole has continued to increase and has outstripped cash. The organisation predicts that debit cards alone will soon be used more often than cash.
However, Sandra Quinn, Apacs director of communications, said: "People feel comfortable with cash and will continue to use cash - it's a very good way of knowing exactly how much money you have and haven't got."
Some firms have been touting contactless credit cards as the future. These allow users to simply swipe their cards for small purchases of under £10, avoiding the hassle of counting cash or putting in a pin. Boots has become the latest retailer in the UK to trial the system.
Ms Quinn believes these credit cards will also fail to dislodge cash from Britons' wallets. "Contactless cards are only for transactions that are under £10 anyway," she explained. "You've still got eight billion transactions a year for transactions that are over £10 - that's quite a lot of transactions."
