MasterCard has this week released a report that reveals details about the use of contactless payments in the UK.
In the report the service reveals how many people have been using contactless payments on their network, which they claim to have increased by 375 percent in 2015.
This is likely due to the launch of more contactless payment services like Apple Pay, Android Pay and Samsung Pay.
MasterCard explained more in the following:
MasterCard’s latest figures reveal that the UK is leading the way with the number of active contactless cards in circulation growing by 188% in the UK, and contactless expenditure growing by 375% from Q4 2014 to Q4 2015.
Scott Abrahams, Group Head of Acceptance and Emerging Payments at MasterCard UK and Ireland commented: “The rise of contactless usage and acceptance is certainly encouraging, but so are the opportunities for retailers to capitalise on this trend. New research1 shows that in the UK, 59% of daily purchases are below £20, and therefore typically within the contactless limit. With the majority of transactions falling within the contactless price band, retailers are in the ideal position to take action and reap the benefits with so many consumers embracing this technology.”
You can read more at the source link below.