Duncan Lawrie Briefing - October 2007

In 2006, 65% of all retail spending was on plastic cards. Quite frankly, I am a little surprised that the percentage is that low, but my expectation that this form of payment is in the ascendance is supported by the fact that expenditure on cards has trebled in the last 10 years whilst cheque volumes are declining, with only 5% of retail spending currently being settled in this way.

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