Demand for alternative online payments is on the rise in the UK

NEMS market research on behalf of Prepaid Services Company Ltd conducted a survey among the Britons, that revealed the demand for online cash payments is on the rise in the UK as people are using their credit cards less this year compared to the year 2008. 

The research found 28% of people inquired responded they are using their credit card much less or not at all in 2009 compared to last year when just 7% said they use their credit card more often. Around 34% said that they would use cash online if it were as easy as doing so over the counter. 

The study also showed that women appear to have become far more reluctant to use their cards in comparison with men. Thus, 31% of women reduced their credit cards spending or stopped it entirely, while just 24% of men did the same. 

The results also indicate the industries in which customers would prefer to spend their money when shopping online. In total, 68% of those who have access to the Internet said they’d buy flights and 71% would use it for travel, suggesting that these industries in particular have a lot of room for alternative payment methods.

The research also figured out industries in which customers are likely to spend their money while shopping online. 68% of all Internet users buy flights online and 71% use it for travel. That probably reflects the fact of having a lot of room for alternative payment methods by these industries.