The use of contactless payment technology reached a record high in June, with the UK leading the way in Europe, according to research by Visa. The company's research found 34% of all card payments are now contactless. Latest posts by Anisa Choudhary (See all) Visa said that while it is not yet clear how many people will switch from cards issued through banks and other financial institutions to those using mobile phones, there was evidence that some consumers were already doing so. The number of young people using the cards has also increased, with the figure up 11% from two years ago to 76% among the 18-35 age group.
The use of contactless payment technology reached a record high in June, with the UK leading the way in Europe, according to research by Visa. The company's research found 34% of all card payments are now contactless. Visa said that while it is not yet clear how many people will switch from cards issued through banks and other financial institutions to those using mobile phones, there was evidence that some consumers were already doing so. The number of young people using the cards has also increased, with the figure up 11% from two years ago to 76% among the 18-35 age group.