Tag: contactless payment popularity

Contactless payments comprised 1 in 3 UK transactions last year

Sam Lambert
Contactless payments - UK

Finance industry data showed that the growth of this tech’s use is returning to pre-pandemic trends. Contactless payments make up a substantial portion of the transactions taking place in the United Kingdom as growth trends return to patterns closer to where they were in pre-pandemic times. The use of cash continues to be on the decline as people look to tap cards and mobile transactions. This, according to the UK payment markets 2022 report published by UK Finance, documenting the changes in transaction methods used by consumers throughout the last…

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Will the novel coronavirus lead to a positive mobile payments trend?

Julie Campbell
Mobile payments trend - paying via smartphone

Usage has been slowly picking up in the western world, but contactless transactions may rise in appeal. When examining mobile payments trend data in North America, it’s clear to see that there isn’t much of a rush toward consumer uptake. Usage is increasing more rapidly now than it has since the beginning, but a factor has arisen that may speed the appeal of this type of transaction: COVID-19. Consumers hesitant to try the technology may start finding contactless transactions more appealing. As the novel coronavirus makes its way around the…

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