The US is beginning to adopt contactless payment systems on a wider scale, years after the technology has already become standardised in other countries. A study years found just 3% of cards registered in the UK are contactless, compared to 64% in the UK and just 3% in US , with experts citing the size and fragmentation of the US market as the reason for the slow uptake. The transition towards contactless payments is expected to be faster than the One towards chip and pin systems, with most existing card terminals already offering contactless services.
The US is beginning to adopt contactless payment systems on a wider scale, years after the technology has already become standardised in other countries. A study last year found just 3% of cards registered in the US are contactless, compared to 64% in the UK and 96% in South Korea, with experts citing the size and fragmentation of the US market as the reason for the slow uptake. The transition towards contactless payments is expected to be faster than the one towards chip and pin systems, with most existing card terminals already offering contactless services.