Millionth UK contactless transaction made
02 November, 2010
category: Contactless
New data from Barclays and Barclaycard reveals that the total number of contactless transactions in the UK this year has surpassed the one million mark.
According to Barclaycard, since January there has been a 217% rise in monthly contactless transactions, with over 150,000 processed in September alone.
While contactless transactions remain a small part of overall card payments, increasing numbers of consumers, retailers and banks are committing to the technology, with contactless card holders predicted to reach 12 million in the UK by the end of the year, according to Barclaycard.
Additionally, there are now 42,500 terminals installed in shops across the UK – a huge leap from 25,000 at the beginning of the year, says Stuart Neal, Head of Payment Acceptance at Barclaycard.