0
Wireless

Brits spend GBP 60 billion using contactless payments in 10 years

Wednesday 6 September 2017 | 10:58 CET | News

UK consumers have spent more than GBP 60 billion using contactless cards and devices over the last 10 years, according to Barclaycard. Currently, more than half (51%) of eligible transactions up to the GBP 30 limit are made using contactless technology. Six in ten Brits now pay using 'touch & go' technology, with contactless payment spending set to increase 317 percent by 2021. 

New data from Barclaycard's Contactless Spending Index shows that 9 in 10 eligible transactions in fast food outlets (91%) and pubs and bars (89%) are now made using contactless when the option is available. In supermarkets and convenience stores, more than three quarters (76%) of purchases up to GBP 30 in value are made using contactless. 

Barclaycard launched the UK's first contactless payment card in September 2017, with annual contactless transactions reaching GBP 1 billion for the first time in 2013. There are now more than 106 million contactless cards in the UK, with more than GBP 4 billion being spent using the technology each month. 



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

Categories:
Countries:
::: add a comment