Retail & Wholesale

Britons tap into contactless cards

Record numbers of shoppers are using 'tap-and go' payment technology, with the amount spent on contactless cards doubling this year. The rapid growth in use of the cards is expected to accelerate from today when the limit for a single transaction rises from £20 to £30. There are now 70 million contactless cards in the UK and they are accepted at an ever-increasing number of shops as well as on public transport. Shoppers spent £567m on them in June, up from £287m in January, according to the UK Cards Association. The latest increase in the payment limit takes it above the average supermarket spend of £25. However, not all shops will offer the higher limit immediately because updates will need to be made to terminals.


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