{"id":60504,"date":"2017-07-12T12:01:15","date_gmt":"2017-07-12T05:01:15","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/cash-no-longer-king-as-contactless-payments-soar-in-uk-stores\/"},"modified":"2017-07-12T12:09:15","modified_gmt":"2017-07-12T05:09:15","slug":"cash-no-longer-king-as-contactless-payments-soar-in-uk-stores","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cash-no-longer-king-as-contactless-payments-soar-in-uk-stores\/","title":{"rendered":"Cash no longer king as contactless payments soar in UK stores"},"content":{"rendered":"


\nLandmark moment as cards now account for more than half of all purchases, according to British Retail ConsortiumIs this the tipping point that signals the beginning of the end for cash? For the first time, notes and coins have been toppled from their position as the UK\u2019s number one payment method. Cards now account for more than half of all retail purchases, according to the main body representing shops.The new figures from the British Retail Consortium show that 10 years after their introduction in the UK, and following an initially lukewarm reaction, contactless payment cards have finally won over the British public. Contactless cards \u2013 also known as \u201cwave and pay\u201d and \u201ctap and go\u201d \u2013 now account for about a third of all card purchases, up from 10% as recently at October 2015. Continue reading…
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\nSource : theguardian.com
\nRead more…Cash no longer king as contactless payments soar in UK stores<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Landmark moment as cards now account for more than half of all purchases, according to...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-60504","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-fJS","jetpack-related-posts":[{"id":80591,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-dont-use-contactless-the-woman-whose-name-is-on-british-banknotes\/","url_meta":{"origin":60504,"position":0},"title":"'I don't use contactless': the woman whose name is on British banknotes","date":"February 21, 2018","format":false,"excerpt":"\r The Bank of England\u2019s chief cashier, Victoria Cleland, on why people still like cash It is perhaps not entirely surprising to learn that the woman whose signature adorns Bank of England banknotes is a big fan of cash. She does not use contactless payment cards for personal spending \u2013\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5970,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/contactless-payments-used-for-1bn-uk-purchases-in-2015\/","url_meta":{"origin":60504,"position":1},"title":"Contactless payments used for 1bn UK purchases in 2015","date":"February 26, 2016","format":false,"excerpt":"\r Increase in transaction limit to \u00a330 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13978,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cashless-britain-advances-as-contactless-and-debit-cards-thrive\/","url_meta":{"origin":60504,"position":2},"title":"Cashless Britain advances as contactless and debit cards thrive","date":"May 23, 2016","format":false,"excerpt":"\r Less than half of consumer payments were in cash in 2015, while direct debits were worth \u00a31.22tnBritain has passed another milestone on the path to a cashless society, with 2015 the first year that cash was used for less than half of all payments by consumers. Cash usage will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38897,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-shoppers-spend-more-than-ever-on-contactless-cards\/","url_meta":{"origin":60504,"position":3},"title":"UK shoppers spend more than ever on contactless cards","date":"December 22, 2016","format":false,"excerpt":"\r In London almost half of payments under \u00a330 are contactless, with Manchester and other cities also seeing big increasesThe amount spent by shoppers using contactless cards and devices soared by 164% last year, in another record-breaking year for increasingly popular \u201ctouch and go\u201d payments. Half of Britons now pay\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14008,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/contactless-bank-cards-could-see-tube-customers-ditch-oyster-cards\/","url_meta":{"origin":60504,"position":4},"title":"Contactless bank cards could see tube customers ditch Oyster cards","date":"July 25, 2014","format":false,"excerpt":"\r Payment by credit or debit card to launch in September in move aimed at saving Transport for London up to \u00a380m in five yearsMillions of London Underground passengers will soon be able to ditch their Oyster cards and gain access to the tube network using only their bank card.Transport\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35412,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/barclays-to-unveil-contactless-cash-withdrawals\/","url_meta":{"origin":60504,"position":5},"title":"Barclays to unveil contactless cash withdrawals","date":"November 23, 2016","format":false,"excerpt":"\r Machines will allow the user to tap their card on a reader, or even use their smartphone, to make a withdrawalWhile contactless payment terminals have become ubiquitous in retail outlets, Barclays is set to trial contactless ATMs in a number of its branches.The bank will unveil 100 contactless machines\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/60504"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=60504"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/60504\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=60504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=60504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=60504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}