Contactless payments booming in UK

27 February 2014

Contactless payment technology is booming in the UK, according to WorldPay, with 226 per cent more transactions of this type taking place now, compared to the same time last year.

The organisation revealed that around 25 per cent of all credit, debit and charge cards are now equipped with contactless technology, equating to 38.1 million cards.

Dave Hobday, managing director of WorldPay UK, said: “Contactless means being able to serve customers faster and cut down queues. Today’s shoppers’ demand speedy service, and will walk away if they don’t get it."

He added that this speed is vital for businesses and that WorldPay helped more than 70 large retailers go contactless in 2013.

WorldPay's data revealed that take up of contactless payment methods was the highest in London, with 17 per cent of people using the technology, with the capital followed closely by Leeds and Manchester.

Take up of contactless cards is expected to increase in the coming years, due to the ease and convenience of the technology. WorldPay's findings revealed 93 per cent of people who have used contactless payments find them “quick and efficient".

By Asim Shah

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