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Survey Suggests Over a Quarter of UK Consumers Are Open to AI-powered Payments

  • A survey by SumUp in the UK reveals changing payment preferences, with 29% open to AI-powered payments.
  • 62% prefer debit/credit cards, while 18% opt for mobile payment methods like Apple Pay/Google Pay.
  • Younger generations show a greater acceptance of mobile payments.
  • Shift towards digital wallets is making debit cards less essential for younger consumers.
  • Only 11% prefer paying in cash, with emerging methods like Buy Now, Pay Later and cryptocurrency gaining traction.
  • 51% of people changed their payment habits in the past year, with digital payments becoming more popular.
  • Businesses not accepting digital payments frustrate 19% of consumers.
  • 29% of UK consumers trust AI for small automated payments, driven by convenience.
  • Londoners also embrace digital payments, with 66% changing payment methods in the past year.
  • Marketing & Growth Lead at SumUp notes the shift towards digital wallets and evolving consumer preferences.

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