Contactless payment adoption explodes in Europe as UK leads the charge

What about Germany… seems like they are the last ones on the list? Germans are so addicted to their cash… not very innovative…!

LittleMsMobile

The number of contactless payments in Europe has nearly tripled during the last 12 months with three billion transactions being made, according to Visa Europe.

Furthermore, European consumers used their cards 360 million times in April alone, equating to nearly 140 transactions per second and a 150 per cent increased from April 2015 (143 million). The average value also increased by 12 per cent to €13.83.

The popularity of contactless payments has been driven by “everyday spend” merchants adopting contactless technology, as shown by the 153 per cent year-on-year growth of contactless transactions in restaurants. This is followed by general retail (146 per cent), supermarkets (119 per cent) and other food and drink outlets including fast food (96 per cent).

Poland, Spain and the UK are currently…

Read the entire article from ITProPortal here: Contactless payment adoption explodes in Europe as UK leads the charge

 



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