TSB has issued 2.2 million new contactless debit cards increasing the number of its customers almost five times.
In January 2014, the bank committed to issue contactless debit cards to all eligible customers in six months.
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TSB customers’ spend on contactless cards increased six-fold in the first half of the year and contactless taps also rose by four times.
The increase is attributed to more customers having contactless cards but also shows that more people are comfortable with making contactless payments.
The TSB data revealed that the average contactless payment has been consistently between £6 and £7 over the past six months, with many using their contactless cards for smaller purchases at Marks & Spencer’s, McDonalds, Boots and on Transport for London buses.
Jatin Patel, products director at TSB, said: "We are extremely proud that in just six months all of our eligible debit card customers have been issued with new TSB cards with contactless functionality.
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By GlobalData"Life is increasingly busy so offering our customers the opportunity to ‘tap and go’ was an important step to ensure they can benefit from the latest and most convenient payment options," Patel added.
