Spain sees highest growth rate in contactless payments in Europe • NFCW

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By Tom Phillips ^[2] • 28 February 2022 • Updated 28 February 2022 • nfcw.com ^[3]

Report page graphic showing Spain has highest growth rate in contactless payments in Europe

The total number of contactless card payments made in Spain increased by 10% during 2021, the highest growth rate recorded in Europe, according to payment services provider Minsait Payments.

The company’s XI Report on Trends in Means of Payment ^[4] also shows that nine in ten Spaniards now identify contactless as their preferred card payment option and that, of all European countries, Spain is now second only to the UK in terms of contactless payment adoption.

The research also found, however, that Spain remains the European country with the highest percentage of bank users who continue to make cash transactions (85%) and that the proportion of cash payments is higher for transactions with small and medium-sized businesses (45%), restaurants and bars (36%) and public transport (31%).

UK Finance reported on increases in in-store contactless card payments in the UK ^[5] in December 2021.

Next: Get your free registration to Contactless World Congress, a new kind of event for a new kind of world.^[6]

Spain sees highest growth rate in contactless payments in Europe • NFCW

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