Payments News

Global

Contactless topples Chip & Pin as UK’s top payment choice

“The latest figures from payment processor Worldpay say that contactless has now overtaken Chip & Pin payments, having already toppled cash transactions earlier this year. The company estimates that £38.5bn will be spent using contactless in the second half of 2018, with the volume of payments growing 30 per cent over the last year. Alongside this, WorldPay found that mobile contactless payments saw a huge 122 percent growth of 122% over the past year as consumers enjoy a more frictionless experience.”