TSB issues 2.2 million contactless cards
11 July 2014 | 3139 views | 0
TSB has rolled out 2.2 million new contactless debit cards increasing the number of TSB customers able to tap and go by almost five times.
In January 2014, TSB announced its commitment to issue contactless debit cards to all eligible TSB customers and in just six months, TSB has seen a huge surge in customers making more use of their contactless functionality.
The Bank has already seen contactless spend rocket in June to nearly six times the amount spent on contactless cards in January and contactless taps by TSB customers also increased fourfold. This is due to more customers having contactless cards but also shows that more people are comfortable with making contactless payments.
According to TSB data, the average contactless payment has been consistently between £6 and £7 over the past six months, with many using their contactless cards for smaller purchases at Marks & Spencer's, McDonalds, Boots and on Transport for London buses.
Jatin Patel, Products Director, TSB, says: "We are extremely proud that in just six months all of our eligible debit card customers have been issued with new TSB cards with contactless functionality.
"Life is increasingly busy so offering our customers the opportunity to 'tap and go' was an important step to ensure they can benefit from the latest and most convenient payment options."