the uk cards association news and archive

Monthly contactless spend passes 1.5 billion pounds

Monthly contactless spending in the UK has hit a record high of 1.508 billion pounds for the first time in March 2016, according to the latest figures from The UK Cards Association. The milestone comes four months after the 1 billion barrier was broken in November 2015, and is a staggering increase from a year ago when figures hit 0.5 billion...

Retail

Consumers turn to contactless payments

Spending on contactless cards more than trebled over the last year to reach a record 2.32 billion pounds in 2014, according to data published by The UK Cards Association. The new figures reveal a year of “major growth” in contactless usage, with the total spend in 2014 more than double that of all the previous six years combined, with...