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UK contactless spend on the rise

UK contactless spend on the rise
Wednesday November 20 2013

UK consumers have made 51 million contactless purchases in the last 12 months. The monthly contactless spend has also increased fivefold to GBP 45.2 million in June 2013 as consumers have become increasingly comfortable with using contactless technology, a recent report has revealed.

According to figures released by Visa Europe, there were 6.8 million purchases made in June 2013, representing a total spend of GBP 45.2 million spent (compared to 1.4 million transactions and GBP 8.6 million spent in June 2012); more than 3 million Visa contactless journeys have been made on London buses since December 2012; there are currently more than 28 million Visa contactless cards and 280,000 contactless terminals in the UK; and the average value of a contactless purchase in the UK is GBP 6.65.

Visa Europe is a payments technology business owned and operated by member banks and other payment service providers from 37 countries across Europe