Contactless news and archive

Contactless payment limit increases to 45 pounds

Contactless card payment limit has increased from 30 pounds to 45 pounds to help make it easier and faster to shop during the coronavirus outbreak. The move is part of measures aimed at helping British retailers as well as making it easier and safer for consumers to shop, as it will reduce the need for physical contact with PIN-Entry Devices at...

Retail

Contactless spending jumps 34 percent

Contactless spending continues to surge in popularity for UK shoppers with the latest figures revealing that the ‘touch and go’ payment has jumped 34 percent since the start of 2017. Barclaycard’s quarterly Contactless Spending Index shows that more than half (51 percent) of all transactions up to the eligible spending limit of 30 pounds are now...

Retail

Consumers and retailers prefer contactless payment

Contactless payment systems are the new normal and are fast becoming the preferred payment method in the UK, with one out of five payments now being made by a contactless card. While the technology was not immediately embraced by either retailers or consumers, the UK Cards Association, which reveals monthly card expenditure and payment...

Retail

Contactless payments continue to soar

Contactless payments increased by 237 percent over the last six months compared to the same period the year before, according to Visa Europe, fuelled by the increase in the limit from 20 to 30 pounds last September. Consumers purchasing products over 20 pounds using contactless payment has grown by 19.1 percent in the period between October 2015...

Retail

Retailers warned to embrace contactless or risk losing customers

Retailers not offering contactless payment options are in danger of being “left behind” according to payments processor Worldpay, which has seen ‘tap and go’ payments dramatically increase over the past 12 months in the UK. Worldpay’s data shows that the number of UK contactless transactions processed by them rose by 160 percent in 2015, with...

RetailFeatured

UK contactless transactions “more than trebled” in 2015

The number of ‘touch-and-go’ contactless transactions made by Barclaycard customers in the UK more than trebled in 2015, due in part to the raising of the spending cap to 30 pounds in September, the credit card company has stated. Barclaycard, which processes nearly half of all credit and debit card sales in the UK, said that the value of...

Retail

UK contactless spend triples in 12 months

Contactless spending has tripled in the UK over the last 12 months, according to new research from Barclaycard, with the amount spent soaring by 150 percent, while the number of transactions increased by 134 percent. According to a survey of Barclaycard customers, 57 percent of Brits said that they expected to increase their contactless usage...

Retail

UK shoppers biggest adopters of contactless payment in Europe

British consumers spent more than 330 million euros in March alone using contactless cards, according to new data from Visa, making them the biggest adopters of contactless payments in Europe. In the 12 months to March 2015, the number of contactless cards in circulation grew by more than 37 percent in the UK alone, where there are around 49.6...