Visa Europe predicts fourfold growth in the UK contactless payments

Thursday 23 January 2014 08:00 CET | News

Visa Europe has revealed that 30.3 million Visa contactless cards are now in circulation in the UK and that 293,600 contactless terminals have been installed in the country.

The card scheme said Visa contactless card transactions increased fourfold year-on-year in the UK in the 12 months to September 30, to GBP 461.6 million from GBP 96.7 million. Overall spending with UK Visa credit, debit, commercial and prepaid cards increased by 9.2 % year-on-year to GBP 445 billion in the year to September 30.

Visa Europe also added that in Europe, contactless payments are available in twice as many countries as in January 2013 and the contactless transactions have nearly tripled while terminals almost doubled.

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Keywords: Visa Europe, fourfold growth, UK, contactless payments, contactless cards
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce