One in four UK card payments now contactless payments

17 Jan 2017

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 and 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

I was referred to acceptcards through another payment company who recommended their services. The solution acceptcards sourced was absolutely brilliant, and the rates were far less than any other company I had been in contact with. One company charged a £400 opening charge! The application process was far easier that that with other companies and my past experiences when I went direct to the bank. The staff were brilliant, from the time I initiated contact right through until now. I was kept in the loop by Mark when the account was being sourced and had great assistance from Kelly who made the whole application process just so easy. In this day and age customers expect to pay by card, without this facility I wouldn't be able to take any money! :) There is nothing I can say against acceptcards – they delivered a perfect service! I will most definitely recommend them to other businesses, and if/when I need my next merchant account I will be straight on the phone to them....

Jayden Spring, Harris Retail Services