Property News · February 26, 2016

Contactless payments used for 1bn UK purchases in 2015


Increase in transaction limit to £30 boosted spending by more than 200%UK shoppers made more than 1bn contactless purchases on credit and debit cards in 2015, and used the technology for almost one in eight of all card transactions in December.An increase in the amount that could be spent without using chip and pin, from £20 to £30, and growing awareness of the technology by consumers pushed spending up by 233% over the year, to £7.75bn. Continue reading…

Source : theguardian.com
Read more…Contactless payments used for 1bn UK purchases in 2015

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