Latest News

June 1, 2013

Europe Contactless Payments grow by 46% in first quarter of 2013

Network_cabinet

Visa Europe said that contactless usage has reached a critical point of adoption across Europe, with monthly transaction numbers reaching more than 19 million in March 2013. Put into money, that’s more than 1 billion euro’s which has been spent on contactless cards and smartphones equipped with a Visa payWave app.

In the UK, 1.5 million Visa contactless transactions have been made on London Buses since December, M&S processed over 230,000 contactless transactions every week, while the Post Office installed contactless payment terminals in all of its 11,500 branches. There are now 232,000 terminals installed across the country, with 1 in every 4 Visa cards having contactless payment capabilities.

Pan-European figures look like this:

  • There are now 58 million contactless cards in Europe
  • Contactless cards and phones with the Visa payWave app can be used at 797,000 acceptance points across the continent
  • There are 39 Visa mobile contactless payment projects live across Europe
  • Contactless transactions grew 46% between December 2012 and March 2013
  • Markets like the UK, Poland and Spain are leading the way in contactless usage
  • By the end of 2013, Europeans will be making over 52 million contactless transactions every month.

A Sainsbury’s spokesperson said:

“We’re always looking at how technology can help make the shopping experience in our stores more enjoyable and convenient for our customers.”

[Via: CellularNews,

To get all the latest phone reviews, news and features beamed straight to your Android device of choice, head to the Google Play store and download the free BeginnerTech Android app today, by click our icon below. To use the QR code you will need a Barcode scanner, app  from the play store, then click the QR code. Or you can you can add us to your circle on Google+, follow us on Twitter or, like us on Facebook.
Download our app for the latest new
BT_BODY_80x80 BT_QRcode BT_facebook_logo BT_G+_logo BT_Twitter_Logo

 

Be Sociable, Share!

The following two tabs change content below.
avatar

Dave Thornton

Senior Editor

Senior Editor
Been involved in technology for many years, more than I care to remember. Live in Dundee, Scotland. I like Android, Windows Phone OS, BlackBerry OS and iOS, and love writing about all things techie. Currently have a Honor 6+, Elephone P6000, Nexus 5, Chrombook C720, HTC One M7, Nokia Lumina 625, Microsoft Lumia 435, Blackberry Q10, HTC Hero and iPad mini