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September 1, 2015updated 21 Jan 2022 9:28am

UK contactless cards spending crosses £2.5bn mark in H1

Britons spent over £2.5bn using contactless cards in the first half of 2015, compared to £2.32bn for the whole of 2014, according to latest data from The UK Cards Association.

By Verdict Staff

Britons spent over £2.5bn using contactless cards in the first half of 2015, compared to £2.32bn for the whole of 2014, according to latest data from The UK Cards Association.

Also, the upper limit for contactless payments has been increased from £20 to £30, effective 1 September 2015.

As a result, the average supermarket spend of £25 now falls below the contactless limit, while the average card spend in pubs, cinemas, dry cleaners, pet shops and gift shops also falls under the new limit.

The data further reveals that contactless spending has surged to £567m in June 2015 from £287m per month in January 2015.

The UK Cards Association CEO Graham Peacop said: “Contactless payments are fast, easy and secure. With more contactless cards in wallets than ever before and a growing number of retailers accepting contactless payments, we have seen a huge rise in the number of payments being made.

“The growth in contactless payments shows people want to use contactless cards and increasing the limit gives customers even more opportunities to pay in this way.”

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