UK mobile contactless transactions grow 336% in H1

Friday 18 August 2017 | 11:13 CET | News

The value of mobile contactless transactions in the UK reached over GBP 370 million in the first half of 2017, up 336 percent from a year earlier, according to data from WorldPay. Monthly spending on mobile devices has increased by 57 percent in the past six months from GBP 46 million spent using mobiles in January 2017 to GBP 74 million in June 2017, while mobile’s share of overall in-store transactions has jumped from 1.18 percent at end-2016 to 2.04 percent in June 2017. 

The use of mobile devices to make in-store payments has been growing steadily since the launch of Apple Pay in the UK in 2015. However, WorldPay's analysis shows that it is only really in the past 12 months that the technology has started to gain widespread acceptance beyond 'early adopters', further boosted by the launch of Android Pay in 2016 and Samsung Pay earlier in 2017. 

WorldPay's research shows that spending on all forms of contactless systems now accounts for 38 percent of all non-cash transactions in the UK. Total contactless reached GBP 9 billion in 1st-half 2017, compared to GBP 10 billion throughout the whole of 2016. 

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