uk cards association news and archive

Card payments more than double in 10 years

The number of purchases made using debit and credit cards has more than doubled in the past 10 years, reveals The UK Cards Association reveals. Debit and credit cards were used to make 16.4 billion purchases in 2016, up 146 percent from 6.7 billion in 2006. That’s 518 card payments made every second last year by cardholders both in the UK and...

Retail

Contactless spending out performs 2015 total

Spending on contactless cards in the first six months of the year has already outstripped contactless spending for the whole of 2015, according to new research from the UK Cards Association. Contactless payments has already accounted for 9 billion pounds in sales in the first half of the year, out performing the 7.75 billion pounds in sales for...

Retail

Contactless cards went “mainstream” in 2015

More consumers chose to pay with contactless cards in 2015 than ever before, as contactless payment went “mainstream” and embedded itself into everyday spending, according to a new report from the UK Cards Association. Last year, 7.75 billion pounds was spent using contactless cards, compared to 2.32 billion pounds in 2014, reflecting the...

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...