Contactless payments are surging in popularity with spending up by more than a third (34%) since the turn of the year, Barclaycard’s quarterly Contactless Spending Index reveals.
Ten years on from contactless technology coming to the UK, ‘touch and go’ is now the preferred way to pay among British shoppers.
Just over half (51%) of all transactions up to the eligible spending limit of £30 are now made using contactless.
Meanwhile the UK Cards Association (UKCA), has revealed credit and debit payments have doubled in the last ten years, with the increased use of contactless being one of the main drivers of this growth.
While contactless card transactions have been continuing to grow over the past few years, data from the Index shows that mobile payments are now also catching on.
The amount spent by users of Barclaycard’s Android Contactless Mobile app has jumped by 90% in 2017.
Shoppers in the Midlands and the North of England are increasing their use of contactless more than anywhere else in the UK, with the biggest jumps in spending seen in Derby (up 45%), Chester (up 44%), Newcastle (up 42%), Coventry (up 42%) and Stoke (up 41%).
Adam Herson, director at Barclaycard Mobile Payments, said: “Our data shows that growth in contactless spending has been surging for several years, but this latest insight is particularly significant as it shows shoppers now prefer to pay with ‘touch and go’, with more than half of eligible transactions made this way. This saves them valuable time at the check-out and makes buying goods and services far more convenient too.”