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    News in brief

    UK contactless spending hits record high

    News in brief

    Spending on contactless cards in the UK during the first half of 2016 outstripped the total for the whole of 2015, The UK Cards Association reveals. “Some £9.27bn (US$12.23bn) was spent using contactless methods between January and June of this year,” the organisation says, “more than the total 2015 contactless spend of £7.75bn (US$10.22bn).” 1.1bn transactions were made in the first half of 2016, compared with 1.05bn for the whole of 2015. Contactless card payments accounted for 18% of total purchases in June 2016, compared to 7% in June last year.

    Filed by Email Rian Boden Published • Last updated 23 August 2016, 12:41

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