Contactless payments passes a billion

6 July 2015

contactless-payment Contactless payment cards are becoming more popular, thanks in part to their convenience, but also thanks to them feeling like they're really futuristic.

In Europe, this method of paying for stuff you probably don't need was used more than ONE BILLION times in the past 12 months, according to those swines who work at Visa. As more businesses get the technology in, the more people want to use it, clearly.

Total contactless spending over the year totalled an impressive €12.6bn (that's around £9bn to you). In March alone, €1.6bn was spent by wafting a card at a machine. That is triple the amount from the year previous.

British shops are, by some distance, the most likely place to see some hot card-on-near field device action. Brits paid for stuff with contactless technology 52.6 million times.

France were second with 20.3m and Poland was third with 14.5m.

In the UK, this number will only rise further as more and more shops get the new technology in and, of course, more people start forking out for shopping with their phones.

"The popularity of contactless will only increase in future as we experience the next generation of digital payments, where the simplicity and convenience is extended to mobile and wearable near field communications technology,” said Visa Europe’s Sandra Alzetta. "We’re proud to have led the way in establishing contactless payments in Europe, and excited to be at the forefront as contactless payments become increasingly available to everyone."

TOPICS:   Technology   Banking

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