Hot on the heels of a Worldpay survey Visa have released their own data on contactless payments. The data shows an almost 4 fold increase in contactless payments in the UK between 2012 and 2013 from 25 million to 94.3 million. Similar growth was seen across Europe where more than 340 million sales were made using contactless in 2013.
Top 5 Markets
• Poland (158.7 million purchases)
• UK (94.3 million purchases)
• Czech Republic (30.6 million purchases)
• Slovakia (23.1 million purchases)
• Spain (17.5 million purchases).
Bulgaria are seeking to join the top 5 with expansion of contactless from 4 to 10 of their banks by the end of 2014.
- 32.1 million Visa contactless cards in circulation in the UK, up 125% since December 2012
- 80.6 million Visa contactless cards in circulation in Europe, up 158% since December 2012
- 300,000 contactless terminals in the UK, up almost 200%
- Spending on contactless cards in the UK rose to more than £618 million in 2013, £82 million spent in December 2013 alone
- £6.09 is the average contactless Visa spend in UK
- Across Europe the average spend is €9.18
- 10 million journeys were made on London buses in 2013 using Visa contactless cards
Sandra Alzetta, executive director at Visa Europe: “Use of contactless will rise even further in the UK with the arrival of contactless payments on the London Underground later this year. We want to make smaller payments and purchases quick and convenient, and UK consumers are clearly seeing that contactless can offer them just that.”
Of course its not just Visa who have issued contactless cards, Mastercard also issue them. For a more complete picture would also need to include contactless payments made using smartphones too. With Visa being the main issuer of contactless cards this data does though give a clear indication of where we’re headed. Another interesting development is that London buses will soon no longer accept cash, you will only be able to pay with a contactless card or Oystercard.
I hope you found this article useful. Further info:
In the UK you can now get a contactless card from: Capital One, Co-operative Bank Plc, Barclays (Barclays Bank and Barclaycard), HSBC, Lloyds Banking Group (Halifax), MBNA, The Royal Bank of Scotland Group (NatWest and RBS).
You can use contactless cards at the following highstreet retailers: Aldi, AMT Coffee, Barnardo’s, Boots, Caffe Nero, Chop’d, Coffee Republic, Co-op Pharmacy, Costa Coffee, Costcutter, Crush, David Lloyd, Eat, Gourmet Burger Kitchen, Greggs, Ikea, JD Wetherspoon, Little Chef, London Buses, M6 Toll, Marks and Spencer, McDonalds, Nandos, National Trust, Paul, Paypoint, Post Office, Pret a Manger, Spar, Stagecoach, Starbucks, Subway, Superdrug, Timpson, Waitrose, Wasabi, West Cornwall Pasty Co., WH Smith, Wilkinsons.