46 percent of all UK payments are contactless, research finds

Monday 24 September 2018 13:34 CET | News

Mastercard research has found that 46% of all UK payments are contactless.

The company has revealed that almost half of all in-store card transactions made in the UK use contactless technology, making it the most widely-used form of electronic payment in Europe. Thus, contactless already represents 46% of all transactions being made in the UK each month.

In addition, the research revealed that the number of contactless transactions has increased by 95% in 2018, with the proliferation of the necessary hardware and software systems continuing to spread across the country.

Transport is one of the biggest areas of growth, with TfL recording millions of contactless transactions every day.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: UK, MasterCard, contactless transaction, research, Europe, electronic payment, TfL, cards
Countries: World

Industry Events