One in three card payments made in Britain each day are contactless
Revealed: 20 MILLION card payments made in Britain each day are now contactless – with ‘tap and go’ sales rising to £69bn last year
- A total of £69billion was spent using ‘tap and go’ cards in 2018
- Customers made a total of 7.4 billion transactions using these cards
- Some 82 million of the 99 million debit cards now in circulation are contactless
Every day last year around 20 million ‘tap and go’ payments were made, according to trade association UK Finance.
Contactless card spending surged by nearly a third in 2018 and one in three card transactions are now ‘tap and go’.
A total of £69billion was spent using contactless cards in 2018 – up by 31.8 per cent compared to the year before.
Customers made a total of 7.4 billion transactions using contactless cards in 2018 which means 20 million were made every day
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Low value purchases are being made with contactless cards and mobiles instead of cash, according to Eric Leenders, managing director of personal finance at UK Finance
Of this £58.4 billion was spent on debit cards and £10.6 billion was spent on credit cards.
Customers made a total of 7.4 billion transactions using contactless cards in 2018 which means 20 million were made every day.
Some 82 million of the 99 million debit cards now in circulation have a contactless function.
And 41 million of the 60 million credit cards in the UK are contactless.
Low value purchases are being made with contactless cards and mobiles instead of cash, according to Eric Leenders, managing director of personal finance at UK Finance.
He said: ‘Many of us are now reaching for our cards or mobiles rather than cash to make low-value purchases, as customers opt for the convenience and security of paying with contactless.
‘There has also been an increase in credit card use although growth in outstanding balances has slowed, suggesting many consumers are using their cards for day-to-day spending rather than as a means of borrowing.’
HOW DOES APPLE PAY WORK?
Apple Pay is the firm’s mobile payment and virtual wallet service.
It allows customers to make payments using an iPhone, Watch, iPad or Mac.
It works alongside most banks and most major credit and debit cards providers including Visa, MasterCard and American Express.
To use the services, users must link their device, security details and bank card.
To do this, open Wallet, go to settings and find Wallet and Apple Pay in there.
Apple Pay is the Apple’s mobile payment and virtual wallet service. It allows customers to make payments using an iPhone, Watch, iPad or Mac
Here, you can add credit or debit cards.
Before it is activated, the device needs to be authenticated by the bank.
Each bank has different protocols, but their security measures will have to be passed before Apple Pay is fully verified.
After your card is verified, you can tap Next and start using Apple Pay.
Apple Pay requires the Near Field Communication (NFC) antenna and Touch ID or Face ID on iPhone 6 and later to work.
Once set up, you can hold your device near a contactless terminal to authorise a payment.
For most iPhones double pressing the home button will bring up the Apple Pay function, which will use your fingerprint to confirm the transaction.
On the iPhoneX, users must press the sleep/wake button twice to invoke Apple Pay.
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