One millionth contactless Barclaycard issued in UK

28 November 2008

Barclaycard has issued its one millionth contactless card in the UK, as it publishes new research indicating there is a "very big consumer market" for the payment technology.

Contactless cards, which Barclaycard introduced to Britain in September 2007, allow users to pay for purchases under £10 without having to enter their Pin or give a signature.

The company said the technology provides a fast and secure method of paying for low value items.

According to its research, consumers also back the cards, with 98 per cent of users saying they are easy to use, while 88 per cent said they help to save time.

With 80 per cent of consumers already using other forms of contactless technology - such as gym membership or travel cards - and another 95 per cent making at least one purchase of £10 or under a day, Barclaycard said there is huge potential for expansion of the market.

Overall, the company currently issues approximately one in five of all credit cards in the UK.

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