Public transport helps boost UK adoption of contactless payments
(15 March 2019 – United Kingdom) Total UK contactless spending rose last year to £69 billion, with contactless now accounting for more than 40 percent of all card transactions according to industry figures.
123 million of the UK’s 159 million debit and credit cards now incorporate contactless technology according to UK Finance, with the adoption by the public transport sector playing a large part in the technologies increasing use.
While debit still dominates, the number of contactless credit card payments is growing at a faster rate, up 44 percent on the previous year.
In December, of 1.6 billion debit and credit card transactions, 691 million were contactless - about 43 percent.
Total spending on debit cards in 2018 was £584 billion, up 3.7 percent on the year before, while credit card spending was £192 billion, up 7.8 percent.
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