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One in six Brits now a ‘card-only’ shopper as UK moves closer to becoming cashless society

30 per cent of people haven’t taken out cash from an ATM or bank in the last week One in six British shoppers say that, on an average day, they don’t use cash at all, and a further 38 per cent describe themselves as “card-first” shoppers, a survey commissioned by payments...

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Contactless payments are No.1 payment choice for UK market

The UK is a world leader in contactless payments. The widespread adoption of contactless in the UK was a gradual process but over the past few years contactless use has grown exponentially. In just a decade, contactless cards have gone from a niche offering to becoming the first choice payment...

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Visa declares war on cash with plan to pay British businesses to ban coins and notes

Visa is planning to pay British businesses not to accept coins and notes after its chief executive vowed to “put cash out of business”. The Daily Telegraph can reveal that the payments giant will soon attempt to strike cashless agreements with British shops and restaurants, which will see them offered lump sums worth thousands of...

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Co-op & McDonalds Test Finger Scanning Payment Tech

With the use of contactless technology increasing month by month, it might perhaps come as a surprise to a lot of people to learn that the plastic credit card might well be on its way out… Companies are becoming ever more open to using the latest technologies and this is...

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Over £2Bn In Contactless Card Payments – A 5th Of All Payments!

Latest figures from The UK Cards Association show that contactless spending on a monthly basis has now exceeded £2 billion! Throughout 2016, spending on contactless has increased each month. For instance, in March, contactless spending had reached £1.5 billion but only three months later, was topping £2.1 billion in July, with total...

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Half Of UK Adults Carry Less Than £5 Cash As Mobile Payments Rocket

It may not surprise you to learn that cash is becoming ever more unpopular as time goes on. According to recent research, only around half of all adults (47%) carry up to a five-pound note on them and only 7% carry £50 or more. Instead of cash, people are relying...

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UK’s First Fully Cashless Store To Be Opened By Waitrose

After announcing its intention to open a cashless store earlier in the year, Waitrose have finally done so. The location of this flagship store is Sky Central, the Sky network’s head office in Osterly. The UK’s first cashless store was initially announced in March 2016. It is a 1400 square...

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4 Amazing Benefits Of Mobile Card Payments

If you are looking to grow your business, embracing mobile card payments can really help. They not only make it really easy for your customers to pay you but can also optimise your point-of-sale processes, as well as: 1. Significantly cut down consumer hesitancy when deciding to purchase The added...

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More Than 60 Contactless Card Payments Per Second In Feb 2016!

Data released by The UK Cards Association has shown that in February of this year (2016), there were over 60 transactions being made via contactless every single second! The UK Cards Association’s Head of Policy, Richard Koch commented: “With more than 60 transactions taking place a second, it is clear contactless card payments are becoming...

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We Are Recruiting

TRANSAX is recruiting sales professionals now. With an ever-increasing portfolio of the latest card machines, coupled with innovative new payment solutions such as next day payment, TRANSAX Merchant Services is a convincing proposition that attracts hundreds of business customers to join, each month. To meet this growing demand – and...

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