The whole of the United Kingdom has changed in the wake of the Covid-19 pandemic. This includes major changes in the retail industry, as well as in the methods of how people choose to pay for goods and services. After the UK’s countrywide lockdown and most shops closing their doors, it’s not surprising that online shops took over with a huge surge in Cash-on-Delivery and contactless payment adoptions.
Quickly becoming the new normal in the lives of nearly half of the people in UK, the increasing use of online shopping and continued habitual spending due to its ease-of-use has become both a boon and a disadvantage as restricted access to high street stores push others to buy more online, and with the ridiculously huge amount of time we have on our hands, one gets to buy a lot more than what was planned for.
However, some still stick to the idea that cash is still king but as it may aid the spread of the virus, the resulting changes have shifted into high-gear for online purchasing and payment gateway usage. Not to mention the fact that it cash-on-hand is by law, no longer permitted as a form of payment in certain retailers, operating on the assumption of paper money reliance is nearly phased out.
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