Article preview: Once again, the proportion of contactless card spending has risen to a record level. As our preferred method of spending money moves away from cash, contactless payments now represent 64% of all debit card transactions in September. It’s up from 62% a month earlier. According to industry body UK Finance, 46% of all credit card transactions were contactless, which is up slightly on the previous month.
Contactless is King as credit cards are repaid
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This 393-word blog post looks at the latest card use data from UK Finance, including a rise in the proportion of contactless card payments and people increasingly repaying their credit card debt. Written on 16th December 2020.
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