19 November 2017
visit www.atos.net

Mobile payments taking off for contactless commuting

06 July 2017  |  12195 views  |  1 Rail ticketing

Long viewed as a gateway to mainstream acceptance of contactless cards, the London transport network appears to be providing a similar uplift for the mobile payments market, with one-in-ten contactless journeys on London's buses and tubes now paid for by the likes of Apple Pay and Samsung Pay.

The latest figures from Transport for London detail over one billion journeys on the transit network using contactless cards, with almost £2 billion spent by commuters since the cards were first accepted in 2012.

In total, 40% of all pay as you go journeys are now made using contactless. This is up from 25% in early 2016.

The arrival of contactless on London's transport network is widely viewed as having a galvanising effect on uptake across the general population. The latest figures from Barclaycard suggest that half of all in-store card payments up to £30 across the UK are now made by contactless.

The growth is having a knock-on effect to mobile tap-and go as well, says Barclaycard which has recorded a 90% rise in the amount spent through its Android app through 2017. Similar uptake is also reported by TfL, which says that more than 31m journeys have been made by commuters wielding smart phones during the past year.

Comments: (1)

Alexander Peschkoff
Alexander Peschkoff - TEDIPAY - London | 06 July, 2017, 10:32

Contactless on transit is an exciting trend (I head one of the major players in that field). Yet, it's not clear whether/when 90%+ penetration can be achieved - there are several important use cases where operator-branded (closed loop) cards work better.

Be the first to give this comment the thumbs up 0 thumb ups! (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

Lucozade hands out contactless bottles to London commuters

Lucozade hands out contactless bottles to London commuters

01 June 2017  |  12049 views  |  3 comments | 16 tweets | 16 linkedin
Bristol gets contactless donation points to help the homeless

Bristol gets contactless donation points to help the homeless

31 May 2017  |  7241 views  |  0 comments | 12 tweets | 10 linkedin
Debit cards set to overtake cash in the UK three years ahead of schedule

Debit cards set to overtake cash in the UK three years ahead of schedule

25 May 2017  |  11144 views  |  3 comments | 28 tweets | 30 linkedin
Hyundai builds bespoke 'Contactless Car'

Hyundai builds bespoke 'Contactless Car'

03 May 2017  |  8100 views  |  0 comments | 15 tweets | 13 linkedin
Singapore commuters can now tap-and-pay for their fares with Mastercard

Singapore commuters can now tap-and-pay for their fares with Mastercard

01 March 2017  |  5874 views  |  0 comments | 4 tweets | 8 linkedin
Brits warm to mobile tap and pay

Brits warm to mobile tap and pay

28 February 2017  |  8506 views  |  0 comments | 14 tweets | 13 linkedin
London pub trials self-service beer pump with contactless card reader

London pub trials self-service beer pump with contactless card reader

16 December 2016  |  16969 views  |  0 comments | 40 tweets | 28 linkedin
Barclays launches contactless cash

Barclays launches contactless cash

21 November 2016  |  11223 views  |  3 comments | 23 tweets | 34 linkedin
Contactless card payments becoming 'second-nature' to EU consumers

Contactless card payments becoming 'second-nature' to EU consumers

10 November 2016  |  12259 views  |  0 comments | 24 tweets | 38 linkedin
Have card will travel: Stagecoach goes contactless

Have card will travel: Stagecoach goes contactless

21 October 2016  |  9449 views  |  1 comments | 5 tweets | 8 linkedin

Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit www.solutions.lexisnexis.comvisit www.atos.net

Top topics

Most viewed Most shared
Ripple boss predicts central bank adoption of blockchainRipple boss predicts central bank adoption...
16072 views comments | 24 tweets | 25 linkedin
Singapore central bank open sources blockchain prototypesSingapore central bank open sources blockc...
12279 views comments | 15 tweets | 29 linkedin
AmEx partners Ripple and Santander for blockchain-enabled cross-border paymentsAmEx partners Ripple and Santander for blo...
10315 views comments | 14 tweets | 39 linkedin
Digital receipt startup Flux scores game-changing deal with BarclaysDigital receipt startup Flux scores game-c...
10160 views comments | 20 tweets | 36 linkedin
UK cryptocurrency exchange startup launches debit card for spending bitcoinUK cryptocurrency exchange startup launche...
8519 views comments | 26 tweets | 37 linkedin

Featured job

Find your next job