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Cardiff and Swansea See Biggest Jump in Contactless Spending

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This article has been submitted by Barclays 

Cardiff and Swansea see some of the biggest jumps in Contactless spending with a 36% & 34% increase so far in 2017

  • Barclaycard Contactless Spending Index shows this year is set to be another record-breaker for ‘touch and go’ payments after spending jumps by more than a third
  • Mobile payments surging in popularity with the amount spent through Barclaycard’s Android Contactless Mobile app also rising by 90 per cent
  • As the tenth anniversary of Barclaycard introducing contactless to the UK approaches in September, more than half of in-store card payments up to £30 are now made this way

 The national picture

Shoppers in the midlands and the north of England are increasing their use of contactless more than anywhere else in the UK, with the biggest jumps in spending seen in Derby (up 45 per cent), Chester (up 44 per cent), Newcastle Upon Tyne (up 42 per cent), Coventry (up 42 per cent) and Stoke on Trent (up 41 per cent).

 Adam Herson, Director at Barclaycard Mobile Payments, said:

“Our data shows that growth in contactless spending has been surging for several years, but this latest insight is particularly significant as it shows shoppers now prefer to pay with ‘touch and go’, with more than half of eligible transactions made this way. This saves shoppers valuable time at the check-out and makes buying goods and services far more convenient too.”

“September will mark the tenth anniversary of Barclaycard introducing contactless to the UK and during this time we’ve seen the technology evolve a rapid pace – from mobile and wearable devices – to invisible payments such as our newly launched ‘Grab+Go’ concept, which allows consumers to scan and pay for their shopping with a smartphone. And with more innovation in the pipeline and a continued rise in consumer and merchant adoption, 2017 is on track to be another record-breaking year for contactless spending”