New research has proved that contactless payments are now becoming a regular occurrence in our everyday lives according to research by The UK Cards Association, with one in five card payments now coming via contactless.
In August 2016, 21% of all card payments were used with contactless cards, compared with 7.9% back in August 2015. Contactless transactions has increased massively in the past 12 months too, rising from 89 million in August 2015 to 260 million in August of this year.
Richard Koch, Head of Policy at The UK Cards Association, said, “Contactless cards have exploded in popularity over the past year and are now being used for one in every five card payments.”
“While more shoppers than ever are using contactless cards for small purchases, we are excited by the possibilities they will bring over the coming years for public transport operators and charities.”
It is not just in the UK where contactless payment technology is rapidly growing, research by RBR highlights that contactless card payments have increased three-fold to 3.7 billion this year and has forecasted growth of up to 25 billion contactless transactions a year by 2021.
Bleep UK PLC offer a variety of EPOS and payment solutions for any industry that can enable you to accept the latest payment technologies, such as contactless, mobile phone and Apple Pay. Way back in 2012, we pioneered contactless and mobile phone payments, alongside our partners Visa and Ingenico to deliver this technology for the London 2012 Olympic Games and it has been used across all our high profile events since as well as in restaurants, bars, shops and cafes of all sizes.
Bleep UK PLC is an award winning designer and manufacturer of Electronic Point of Sale (EPOS) systems and Payment solutions for retail and hospitality, including bars, nightclubs, pubs, restaurants, bakeries, fast food, stadia, arenas and world’s biggest and best events. We have over 30 years’ experience providing bespoke, innovative, flexible and reliable EPOS and Payment solutions for any business, for any requirement, in any industry, emphasised by over 25,000 installations worldwide.