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Contactless payment levels continue to soar

30 December 2016 - Janet Bird

contactless payments rise

The number of contactless payments in the UK has continued to soar - increasing by 166 percent in the last year.

Barclaycard, which had been monitoring the growing popularity of touch and go payments via its Contactless Spending Index, says the latest figures build upon a 164 percent rise in the use of contactless cards in 2015.

In separate research, the company found that over half of Britons now use contactless to pay for goods or services at least once a month, with over a fifth (21 percent) planning to increase their usage further in 2017.

The UK Cards Association said the number of contactless credit and debit cards being used in Britain has now topped 100 million.

While usage continues to be greatest in London, with 47 percent of transactions up to £30 now paid for by contactless, other major cities have also seen an upsurge.

Touch and go transactions saw a 325 percent increase in Manchester in 2016 compared to the previous year. Glasgow saw a 308 percent rise, with Blackpool recording a 296 percent increase and Edinburgh a surge of 267 percent.


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