Thursday 3 October 2013

Visa processed over 51 million contactless payments in UK in 12 months

"Contactless payments appear to be growing in popularity with UK consumers, after Visa revealed that more than 51 million purchases were made in the last 12 months using the NFC-enabled technology.
The global payments company also said that monthly contactless spend had increased five-fold to £45.2 million in June 2013 when compared to the same period last year.
Some £338 million has been spent on contactless Visa cards since June 2012, with an average purchase value of £6.65.
Starbucks introduces contactless payments to 550 UK stores M&S completes contactless payments roll-out Boots taps into contactless payments
Visa has unveiled a string of deals with retailers in recent months, with the likes of Starbucks and Marks & Spencer opting to roll-out the technology in-store. However, there have been complaints from consumers about duplicate payments being made accidentally in stores and concerns that the banks aren't making it easy to opt-out of receiving cards with the NFC technology enabled."

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