By Tom Phillips[1] • • Updated • nfcw.com[2]
Nine in ten card payments made in UK stores during 2020 (88.6%) were contactless and the average contactless user made 141 transactions worth a total of £1,640 (US$2,241) over the course of the year, according to Barclaycard[3].
The average spend per contactless transaction in 2020 was £12.38 (US$16.92), a rise of £2.78 (US$3.80) on the 2019 average of £9.60 (US$13.12).
Barclaycard also reports that, while the total volume of contactless payments in the UK was 11.8% lower than in 2019, the total transaction value rose by 7%.
The year also saw a 12% increase in the number of people aged over 65 using contactless payment methods for the first time.
The UK raised the spending limit for contactless payments[4] from £30 (US$41) to £45 (US$61.50) in April 2020. UK Finance called for a further increase to £100 (US$136.50)[5] earlier this month.
• Find full and up-to-date details of worldwide contactless limit increases in NFCW’s table of contactless transaction limit changes[6].
Next: Visit the NFCW Expo to find new suppliers and access free resources[7]
