03 December 2016

Barclays' customers spending £6.6 million per month with contactless

04 April 2014  |  7455 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."
KeywordsEFTPOS

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

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

Related stories

Contactless card quirk sees London buses charge commuters twice

Contactless card quirk sees London buses charge commuters twice

17 March 2014  |  6459 views  |  3 comments | 8 tweets | 8 linkedin
Contactless payments 'rocketing' in UK

Contactless payments 'rocketing' in UK

26 February 2014  |  8683 views  |  0 comments | 14 tweets | 17 linkedin
E-commerce, mobile and contactless driving growth at Visa Europe

E-commerce, mobile and contactless driving growth at Visa Europe

22 January 2014  |  9066 views  |  0 comments | 17 tweets | 21 linkedin
TfL celebrates 6.5 million contactless bus journeys in first year of operation

TfL celebrates 6.5 million contactless bus journeys in first year of operation

17 December 2013  |  4552 views  |  0 comments | 7 tweets | 3 linkedin
Contactless helps debit cards dominate UK spending

Contactless helps debit cards dominate UK spending

03 July 2013  |  6851 views  |  0 comments | 9 tweets | 8 linkedin
Starbucks goes contactless in the UK

Starbucks goes contactless in the UK

17 June 2013  |  10879 views  |  4 comments | 23 tweets | 21 linkedin
Contactless payments reach 'watershed moment' - Visa Europe

Contactless payments reach 'watershed moment' - Visa Europe

20 May 2013  |  10141 views  |  6 comments | 17 tweets | 18 linkedin
M&S customers embrace contactless payments

M&S customers embrace contactless payments

07 May 2013  |  7191 views  |  0 comments | 15 tweets | 5 linkedin
Pret sees surge in contactless payments

Pret sees surge in contactless payments

19 March 2013  |  7692 views  |  1 comments | 11 tweets | 9 linkedin
London buses to start accepting contactless bank cards

London buses to start accepting contactless bank cards

10 December 2012  |  12400 views  |  12 comments | 26 tweets | 10 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit VocaLink.comhttp://www.financialcrimerisk.fiserv.com/aml?r=finextraFind out more

Top topics

Most viewed Most shared
Royal Mint to issue digital goldRoyal Mint to issue digital gold
6223 views comments | 22 tweets | 21 linkedin
ING pulls plug on P2P payments app TwypING pulls plug on P2P payments app Twyp
5501 views comments | 16 tweets | 15 linkedin
R3 and Calypso to develop blockchain trade confirmation systemR3 and Calypso to develop blockchain trade...
5432 views comments | 13 tweets | 12 linkedin
EBA told that tougher authentication will have a "chilling" effect on single marketEBA told that tougher authentication will...
5407 views comments | 18 tweets | 20 linkedin
UK challenger bank Masthaven opens for businessUK challenger bank Masthaven opens for bus...
5407 views comments | 15 tweets | 13 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job