Property News · January 2, 2016

Contactless card transactions top 120m


‘Wave and pay’ revolution starts to gather pace, although millions of people remain locked outOne in every 10 card payments we make is now contactless, suggesting that the “wave and pay” revolution is gathering pace, it emerged this week.Contactless payment cards were introduced in the UK in 2007, and after a slow start tap-and-go is beginning to take off. In October, 10.3% of all card transactions were made using contactless technology, the first time the 10% milestone was passed, according to the UK Cards Association. In September, 8.9% of card payments were contactless, while a year ago just 3.7% of card payments were made with a single swipe against a reader at the till. Continue reading…

Source : theguardian.com
Read more…Contactless card transactions top 120m

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