Contactless transactions up 166 percent in 2016

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Contactless transactions in the UK rose by 166 percent during 2016, according to the latest Barclaycard Contactless Spending Index. Almost half of all eligible transactions in London (those up to £30 where contactless is accepted) were made using quick payment methods.

Manchester showed the most rapid rise, undergoing a massive annual increase of 325 percent, with Glasgow, Blackpool and Hull not far behind.

Overall, research from Barclays suggests that half of the country now make a contactless payment at least once a month and that one in five anticipate they will make more payments in this way during 2017.

The statistics also hammer home the coin-op industry’s accurate perception that pubs represent the most pressing need for contactless gaming machines. The number of eligible contactless transactions in pubs rose by 79 percent during 2016, making it the 11th highest climber during the year. This placed it ahead of newsagents and commuter transport.

 

As our data shows, Brits are turning to these payments for all types of purchases, from a supermarket top-up shop to stocking up on everyday essentials in discount stores and pharmacies.

 

“Brits across the UK are increasingly catching on to the speed and ease of ‘touch and go’ payments, meaning that for many, contactless is now the preferred way to pay,” explained Tami Hargreaves, commercial director, digital consumer payments at Barclaycard.

“No longer is contactless just reserved for the morning coffee or afternoon snack. As our data shows, Brits are turning to these payments for all types of purchases, from a supermarket top-up shop to stocking up on everyday essentials in discount stores and pharmacies.

“In 2016, the increasing popularity of mobile payments and wearables has also contributed to the surge in contactless, and as more retailers continue to accept ‘touch and go’ as a way to pay we expect this upward trend to continue well into next year.”


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