20 October 2017
Register now

European contactless adoption explodes

06 July 2015  |  14056 views  |  1 tfl contactless

Contactless is the new normal in Europe, with more than a billion tap-and-go purchases worth EUR12.6 billion on Visa cards in the last 12 months.

Across the continent, there are now 131 million Visa contactless cards that can be used at over 2.6 million terminals. By 2020 all Visa point-of-sale terminals in Europe will accept tap-and-pay payments.

In March alone, Europeans spent EUR1.6 billion by tapping their cards, a three-fold increase on the same period in 2014, with most purchases for groceries, restaurant meals and convenience food and drink.

The UK leads the way on adoption, with 49.6 million cards that can be used at 410,000 terminals. France has 20.3 million cards and 405,000 terminals, Poland 14.5 million cards and 354,000 terminals, and Spain 11.5 million cards and 593,000 terminals.

The roll-out of contactless payments on all Transport for London services is one reason for the UK's dominance, with more than 100 million contactless journeys since its launch. This summer Brits will also get access to Apple Pay, a move likely to usher in the move from cards to mobile and wearable NFC payments.

Sandra Alzetta, executive director, core products, Visa Europe, says: "The popularity of contactless will only increase in future as we experience the next generation of digital payments, where the simplicity and convenience is extended to mobile and wearable NFC technology."
KeywordsEFTPOS

Comments: (1)

Dave Sanderson
Dave Sanderson - YBS Group - Bradford/Leeds - UK | 06 July, 2015, 10:48

Also worth noting that it will soon be mandated (December 2016) that debit cards issued in the UK must be contactless enabled (or a different contactless solution provided when issued).

1 thumb up! 1 thumb up! (Log in to thumb up)
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

Barclays takes on Apple with wearable payments

Barclays takes on Apple with wearable payments

29 June 2015  |  17018 views  |  1 comments | 39 tweets | 35 linkedin
Canadian telcos launch mobile wallet

Canadian telcos launch mobile wallet

23 June 2015  |  6834 views  |  1 comments | 14 tweets | 8 linkedin
TfL on-board for Apple Pay's UK launch

TfL on-board for Apple Pay's UK launch

08 June 2015  |  11840 views  |  3 comments | 25 tweets | 41 linkedin
Contactless and online shopping drive UK's shift to plastic

Contactless and online shopping drive UK's shift to plastic

04 June 2015  |  8100 views  |  1 comments | 22 tweets | 17 linkedin
TfL hits million contactless taps a day mark

TfL hits million contactless taps a day mark

17 March 2015  |  8929 views  |  1 comments | 25 tweets | 18 linkedin
European surge in contactless payments opens the door to mobile

European surge in contactless payments opens the door to mobile

18 February 2015  |  13630 views  |  1 comments | 21 tweets | 23 linkedin
Contactless spend in the UK trebles as technology steps into the mainstream

Contactless spend in the UK trebles as technology steps into the mainstream

06 February 2015  |  14508 views  |  5 comments | 22 tweets | 15 linkedin
Contactless and US EMV adoption drives global smart card growth

Contactless and US EMV adoption drives global smart card growth

05 February 2015  |  10088 views  |  1 comments | 15 tweets | 6 linkedin
Contactless makes Oxford Dictionaries word of the year shortlist

Contactless makes Oxford Dictionaries word of the year shortlist

21 November 2014  |  22232 views  |  0 comments | 28 tweets | 14 linkedin
Contactless cards set to further displace cash on London Tube

Contactless cards set to further displace cash on London Tube

16 September 2014  |  9478 views  |  3 comments | 18 tweets | 16 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.capgemini.com

Who is commenting?

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15924 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
9030 views comments | 16 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8166 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7200 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6338 views comments | 6 tweets | 3 linkedin

Featured job

Find your next job