It means that it's much easier to coordinate change for the industry in the U.K.," said Adrian Buckle, head of research at industry group UK Finance, in an interview with CNBC last week. 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 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.