One in four UK card payments now contactless

17 Jan 2016

325 million purchases were made using contactless debit and credit cards in November 2016, accounting for 25% of all card payments in the month.

The rise in contactless payments led to a record £2.9 billion being spent using the technology in November. This is an increase of 184% from a year ago when contactless spending passed £1 billion in a month for the first time.

 

There are now 101.8 million contactless debit and credit cards in circulation in the UK. Nine in 10 (88%) contactless transactions are made using a debit card, a higher proportion than for card payments overall (78%).

“With 125 taps every second in the UK, it’s clear that people are opting for contactless when they are at the till,” says Richard Koch, Head of Policy at The UK Cards Association.

“No longer is it just for the lunchtime sandwich, consumers are using their contactless cards wherever they go – for the grocery shop, in clothes stores, and, increasingly, for the commute too.”

The one in four milestone comes just three months after contactless reached a fifth of card transactions in August. In November 2015, 11% of card transactions were contactless.

The average contactless transaction was £8.95 in November, up from £8.03 a year ago.

For further Information

Source: Payments, Cards & Mobile

Web Link: www.paymentscardsandmobile.com

« Return to news articles

Arrange your free review today

Call us on
0345 2696650
for friendly no-obligation advice.

Or simply provide us with your details and we will come back to you with our quotation.

Request a quote

Have made two requests to this company to sign me up to their extreemly realistic rates when accepting card payments. I have nothing but praise for the way both requests have been dealt with. It was easy to sign up and fast to get accepted. The team were very helpful all the way through. Nothing was too much trouble. They were a pleasure to deal with. A big thank you to the acceptcards team....

Alan Napier, Bexhill Bed and Breakfast