Subscribe to our e-newsletter
Follow us on Twitter
Privacy and cookies
Established 1996
Tuesday 22 May 2018


CashComplete Solutions
Daisy Group

Contactless drives UK card payments growth

Written by Anthony Strzalek

The number of UK card payments increased to 1.39 billion in July, largely because of the migration of cash payments to card and the increased use of contactless, the latest UK Finance figures reveal.

Total card spending rose to £57.8 billion in the month, up from £54.2 billion in July 2016. Meanwhile, contactless payments accounted for 36 per cent of total purchases, compared to 19 per cent in July 2016.

The UK Finance data also showed that online spending grew by £170 million to £15.7 billion, accounting for 27 per cent of total card spending – up from 23 per cent in July 2016.
The largest monthly growth in spending was in the cinema, theatre and dance category. Amusement parks, tourist attractions and aquariums also recorded strong growth in July, coinciding with the holiday season.

Richard Koch, head of cards at UK Finance, said: “Coinciding with the ‘days-out’ holiday season, leisure and entertainment activities accounted for significant spend on cards during July. Contactless cards were used for one in three purchases as consumers continue to make lower-value transactions using their cards, rather than cash.”

Related Articles

Retail Payments
Verifone’s Nathan Gill talks to Michelle Stevens about evolving consumer payment behaviours and the importance of the point of sale experience

RS winners brochure

Advantech's AIM-37 mobile POS solution rocks the Hellfest in France
An application story of the Advantech mobile POS tablet system with printer cradle at the Hellfest festival in Clisson, France.
Most read stories...
World Markets (15 minute+ time delay)