Business Services

UK consumers are ahead of the curve on contactless payments

Contactless Payment Cards, UK Population see a Surge in Popularity - SantanderCB

Research from Payments UK has revealed a surge in popularity for contactless payments, real-time payments and mobile banking among British consumers, who appear more enamoured by the technology than those in North America. By the end of 2015, 3.2m UK consumers had signed up for Paym or mobile banking services, while 41% of UK debit cards had a contactless function, compared with 26% in Canada, and 23% in the US. The report notes that the UK was the first country to introduce global chip and PIN technology, which has still not been completed in the US. The report also found that the number of debit cards in China more than doubled between 2010 and 2014, that direct debits are twice as popular in Germany as in the UK and 200 times more popular in Britain than Russia.


Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

Other Articles

When you’re an established business, recruiting top talent in all the areas you need can seem like a never-ending challenge.


If you’re a start-up or small business, how can you put together an attractive employee package to appeal to top talent – graduate and…


Mexico is predicted to become one of the world’s top 10 economies in the next 10 or 20 years.

Stop fraud

More than one million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by…

Santander’s Head of SME International Mark Collings discusses why exporting to new global markets may provide businesses with new and…

Where Next?