25 January 2021

Nine in 10 card payments were contactless last year 

Written By FinTech Alliance

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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