UK: High rates for online shopping, banking with stigma still attached to cards - report

Monday 18 August 2014 14:11 CET | News

74% of UK adults have bought goods or services online in 2014 (compared to 53% in 2008) and 53% adults bank online, a recent report reveals.

Still, according to the research conducted by Ukash, a global online cash payment provider, there is a risk coming from a section of society that is excluded simply because they don’t have credit or debit cards.

Miranda McLean, marketing director at Ukash, says that 81% of shoppers who have been refused credit feel there is a negative stigma attached to it. A shocking 27% of online shoppers who have been refused credit reported feeling like outcasts from society.

Findings also reveal a lot of misinformation, with a third (33%) of online shoppers being unaware that you can buy goods online without a bank account or credit card, while 53% complained about a lack of payment alternatives from online retailers.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: UK, online shopping, online banking, cards, Ukash, online shoppers
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech