• Contactless payments account for 51% of card sales

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    New data from Barclaycard’s Contactless Spending Index has revealed that 51 per cent of in-store transactions are made using ‘touch and go’ technology, up more than a third (34%) since the beginning of the year.
    Industry body UK Cards Association (UKCA) has also revealed that credit and debit payments have doubled in the past 10 years, with the increased use of contactless driving the surge.
    “Our data shows that growth in contactless spending has been surging for several years, but this latest insight is particularly significant as it shows shoppers now prefer to pay with ‘touch and go’, with more than half of eligible transactions made this way,” commented Adam Herson, mobile payments director, Barclaycard.
    “September will mark the tenth anniversary of Barclaycard introducing contactless to the UK and during this time we’ve seen the technology evolve at a rapid pace – from mobile and wearable devices – to invisible payments such as our newly launched ‘Grab+Go’ concept, which allows consumers to scan and pay for their shopping with a smartphone.
    “And with more innovation in the pipeline and a continued rise in consumer and merchant adoption, 2017 is on track to be another record-breaking year for contactless spending.”
    Use of contactless has increased in the Midlands and the North of England more than anywhere else in the UK, with the biggest jumps in spending seen in Derby (up 45%), Chester (44%), Newcastle Upon Tyne (42%), Coventry (42%) and Stoke-on-Trent (41%).

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    Stuart O'Brien

    All stories by: Stuart O'Brien

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