Contactless Payments Grow Month on MonthAugust 29, 2014
Recent figures released by the UK Cards Association (www.theukcardsassociation.org.uk) show that the volume and value of contactless payments continues to rise month on month in 2014.
A total of 22.1m contactless transactions were made in May with a value of £146.1m. This is a massive 210.5% increase in transactions over the year and a 218.1% increase in value.
There are currently 188,190 terminals in the UK where contactless transactions can be made. This is an average of 117 tranasactions per terminal with a total value of £776.
Your business could accept contactless payments with a card machine from TRANSAX Merchnat Services. For more details on our Vx520 contactless enabled terminal please click here or call us on 0345 601 4486 today!