Money > UK

More than 90% of face-to-face payments are now made using contactless cards

1 month ago   |   By TechRadar

Card and contactless payments continued to increase in 2019, with card payments accounting for over half of all payments for the first time, according to the latest UK Payment Markets report from UK Finance. Debit cards were the most used transaction method in the UK with 17 billion payments, of which 7 billion were contactless. Consumer use of credit cards also rose during 2019, up by 7 per cent to 3.3 billion payments, driven partly by the increase in contactless credit cards issued last year with 1.3 billion credit card payments made via contactless in 2019. The number of contactless...
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Cash made up just 23% of transactions in 2019 as contactless boomed

Cash made up just 23% of transactions in 2019 as contactless boomed

1 month ago   |   By Daily Mail

Cash was used for less than a quarter of all payments last year for the first time ever, new figures show, as consumers continue to choose debit cards and contactless payments instead.
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Cards used for more than half of payments for first time in 2019

Cards used for more than half of payments for first time in 2019

1 month ago   |   By Belfast telegraph

Cards made up more than half of payments in the UK for the first time last year, according to a trade association.
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