25 January 2021

Nine in 10 card payments were contactless last year 

Written By FinTech Alliance in Payments

Nine in 10 card payments were contactless last year 

Data from Barclaycard shows that 88.6% of total card payments were contactless in 2020.  

In Brief:  

  • The total value of contactless payments increased 7% year-on-year.  

  • Grocery stores saw a 29% increase in use of contactless.  

  • The average value of contactless payments is now £12.38.  

What does this mean?  

Last year, contactless payments were encouraged as a safer way to pay amid the Covid-19 pandemic. As such, the spending limit was raised to £45. There are still calls for the limit to be raised further.  

Read more here.   

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