Two in five card payments made using contactless

Two in five card payments are now made using contactless technology, according to UK Finance.

The number of transactions using contactless rose 31 per cent in 2018 compared with the previous year, data has shown.

The contactless payment limit, before entering a four-digit Pin, is £30.

In 2017, debit card use overtook the number of payments made in cash in the UK for the first time.

    Share Story:

Recent Stories


Deep Neural Networks for FX Prediction
Adam Cadle speaks to Richard Turner Head of Research and Mike Emambakhsh, Ph.D. Senior Research Scientist at Mesirow Currency Management about their work with Machine Learning, specifically Deep neural networks for FX prediction.

FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.