Monthly spending on contactless cards has exceeded £100 million for the first time, according to data published today [29 April 2014] by The UK Cards Association.
The new figures show that UK consumers spent a record £109.2 million using their contactless cards during March 2014, up by £22.2 million since February and by over 200 per cent since the same month last year.
Over 370 contactless transactions are now made every minute in the UK – six every second. The number of monthly transactions has more than tripled in a year.
Consumers can use a contactless card to pay for purchases up to £20 simply by touching their card against the contactless reader.