From 1 September 2015, the upper limit for contactless payments increases to £30 from £20. The average supermarket spend of £25 now falls under the contactless limit, and the average spend in pubs, cinemas, dry cleaners, pets shops and gift shops also falls below the new £30 limit.
New data from The UK Cards Association shows that more than £2.5bn was spent using contactless cards in the first half of 2015 compared to £2.32bn for the whole of 2014. There are more than 69 million contactless payments cards in circulation and more than 9.3 million cards were issued to consumers between January and June 2015.
Graham Peacop, Chief Executive Officer of The UK Cards Association, said: “Contactless payments are fast, easy and secure. With more contactless cards in wallets than ever before and a growing number of retailers accepting contactless payments, we have seen a huge rise in the number of payments being made.”
For the press release click here.