09 February 2016

Barclays' customers spending £6.6 million per month with contactless

04 April 2014  |  6987 views  |  0 Barclaycard OnePulse1

Barclaycard says its customers are now spending £6.6 million per month on their contactless cards, as the firm celebrates the fifth anniversary of the introduction of the technology to the UK.

The latest figures from Barclaycard show that contactless payments have increased threefold since 2012, with 90 million transactions predicted during 2014.

Barclays launched contactless cards to all customers in March 2009 and there are now nearly nine million contactless debit cards and 9.5m contactless Barclaycards in customer wallets across the UK. The bank has also rolled out three-quarters of the UK's 300,000 contactless-enabled terminals, and processes nearly 50% of all contactless transactions that now take place.

With more retailers onboard and customer familiarity with the technology growing, the number of contactless transactions made by Barclays' customers in the UK last year rose to just over 45 million, from 15 million in 2012, with the total value of contactless transactions trebling from £100 million to over £300 million in the same period.

Last month alone, Barclays' customers made 5.3 million contactless payments - a 230% increase on February 2013. By the end of 2014, the bank expects its customers to spend £580 million through contactless transactions, a 93% rise on the £300 million spent last year.

Tami Hargreaves, head of contactless at Barclaycard says: "Shoppers across the UK have taken contactless to their hearts since we first introduced OnePulse in 2007 and are now making 400,000 contactless transactions every single day, with Barclaycard customers alone spending £6.6m contactlessly every month."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

17 March, 2014
26 February, 2014
22 January, 2014
17 December, 2013
03 July, 2013
17 June, 2013
20 May, 2013
07 May, 2013
19 March, 2013
10 December, 2012

Related company news

Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
Fintech rising: Resistance is futile, says...
11897 views comments | 51 tweets | 45 linkedin
Digital transformation driving earnings at...
10638 views comments | 49 tweets | 43 linkedin
Visa opens up to developers
8706 views comments | 24 tweets | 41 linkedin
European mobile banking service Pocopay go...
7354 views comments | 24 tweets | 14 linkedin
It may take ten years, but blockchain tech...
7236 views comments | 22 tweets | 19 linkedin

Featured job

Find your next job