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Wireless

Netherlands passes 1 bln contactless card payments

Friday 24 March 2017 | 10:07 CET | News
The Dutch Payments Association announced that the country has passed 1 billion contactless card payments. The service first started in 2014, meaning contactless payments passed the 1-billion mark much faster than PIN card payments, which took seven years to reach the milestone. The share of contactless in all card payments has risen to a quarter. Most payments are still under EUR 25, where no PIN is required. Only 10 percent of contactless card poayments are for amounts over EUR 25, up from 5 percent the previous year.

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Categories: Mobile & Wireless
Companies: Betaalvereniging Nederland
Countries: Netherlands
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