Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Contactless card payments treble in Britain during 2014

Fri, 06th Feb 2015 09:43

LONDON, Feb 6 (Reuters) - Spending using contactless paymentcards more than trebled to 2.32 billion pounds ($3.6 billion) inBritain during 2014, the UK Cards Association said on Friday.

The trade body said debit and credit cards now accounted for75.8 percent of retail sales in Britain, compared with 51.6percent a decade ago.

"Contactless has now firmly stepped into the mainstream,"said Richard Koch, head of policy at the UK Cards Association.

"With usage soaring every month last year, we've seen peopleflocking to contactless payments as they switch away from cash,"he added.($1 = 0.6527 pounds) (Reporting by Matt Scuffham; Editing by Simon Jessop)

Related Shares

More News
Today 17:04

Ex-Odey portfolio manager Hanbury warns investors are 'buying blind'

LONDON, May 3 (Reuters) - Former Odey Asset Management (OAM) portfolio manager James Hanbury has said in a letter to investors that passive and syst...

2 May 2024 13:48

UK shareholder meetings calendar - next 7 days

1 May 2024 14:50

Barclays to cut jobs in investment banking - reports

(Sharecast News) - Barclays has reportedly kicked off a fresh round of redundancies, cutting "a few hundred roles" at its investment bank as it looks ...

30 Apr 2024 20:30

GM in talks with Barclays to replace Goldman Sachs in credit card partnership -source

NEW YORK April 29 (Reuters) -

29 Apr 2024 10:02

LONDON BROKER RATINGS: Deutsche Bank likes Frasers; Barclays cuts JD

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.