Latest UK Contactless Industry Facts

21 February 2017, Contactless Payment

• As of June 2016, there are a total of 92.1m contactless cards in issue in the UK. This is an increase of 2.2 million (2.5%) on the previous month and 33.5% over the year – There are now more contactless cards in circulation than there are people living in the UK
• 1 in 6 card payments are now contactless. £1,882.8m was spent in the UK in June using a contactless card, this is 681.8 million more than was spent in December. An increase of 232% over the year
• 218.9m contactless transactions were made in June. This is an increase of 169.4% over the year
• The YTD volume of contactless transactions for 2016 have now exceeded the total volume for 2015. 1.1bn vs 1.04bn
• 393,032 bank-owned terminals are available in the UK where contactless cardholders can make a contactless transaction. This is an increase of 3.4% on the previous month and 51.7% over the year
• On average, each contactless transaction is for £8.60

 
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