Contactless

• [New] With the UK's contactless limit set to increase to £100, businesses can expect to notice a jump in the number of contactless transactions they receive and for much higher values than previously. / The Fintech Times
• [New] The majority of concession stands - as well as all portable kiosks and retail locations - will remain completely cashless, accepting credit cards and contactless payment such as Apple Pay and Google Pay. / MLB
• More than a year later, the Mastercard New Payments Index shows 95% of South African consumers will consider using at least one emerging payment method, such as cryptocurrency, biometrics, contactless, or QR code in 2022. / Research
• Sofia's Urban Mobility Center is rolling out the ticketing system as part of plans to introduce a fully integrated electronics payment system that will allow passengers to make contactless payments for their journeys directly from their credit or debit card and is currently in testing mode. / NFCW
• 85% of consumers expect digital options when they shop in person, including contactless credit cards, mobile payment apps and mobile wallets. / NerdWallet
• As businesses accelerate their digital transformations, the contactless payment market is expected to grow to more than $100 billion by 2026, up from its current market value of an estimated $40 billion. / Convinience
• Great British Railways will simplify the current mass of confusing tickets with new flexible season tickets and a significant roll-out of more convenient Pay As You Go, contactless and digital ticketing on smartphones. / Intelligent Transport
• Online, digital wallet and contactless payments saw an increase in customer adoption during the last year and are expected to continue growing. / Payments Dive
• The region accounts for the highest ARPU amongst all countries which is about 13 times more than China who is the world leader in mobile payments and is expected to decline as people are resorting to contactless cards for making payments in place of mobile payments. / Mobility Foresights
• Contactless mobile payments will have the highest rate of growth, increasing over 242% in value between 2021 and 2025. / Chain Store Age
• The Mastercard New Payments Index shows 95% of Middle East and North Africa (MENA) consumers will consider using at least one emerging payment method, such as cryptocurrency, biometrics, contactless, or QR code, in 2022. / The Fintech Times
• All signs point to a continued growth path for contactless, with nearly 7 in 10 consumers globally anticipating using a contactless card in 2021. / Research
• Mobile devices, which require a fingerprint or facial identification, have become the fastest growing payment method at point of sale and are expected to account for £125 billion worth of sales on the UK high street by 2024. / Finextra Research
• Forecasts for the adoption of digital wallets are showing great promise, with certain countries expected to go cashless in the next few years. / Financesonline.com
• The increase in demand for digital payments, contactless payments and e-commerce platforms means that fintech investment is expected to remain robust well into 2021. / Finextra Research
• The average value of individual transactions using contactless payments in the UK is approximately £10 so a new cumulative limit of £200 would mean that, on average, a customer could complete 20 transactions before being required to provide their pin number to reset the transaction counters. / AAT Comment
• Close to 50,000 of its Cainiao Post stations nationwide will stay open for consumers to collect their parcels, including through contactless technologies such as self-serve pick-up machines and driverless carts. / Alizila.com
• The Mastercard New Payments Index, conducted across 18 markets around the world, shows 93% of people will consider using at least one emerging payment method, such as cryptocurrency, biometrics, contactless, or QR code, in 2022. / Payments Cards & Mobile
• The FCA has confirmed that the thresholds for not applying SCA to contactless payments under Article 11 UK SCA-RTS will increase, so that more transactions can be exempt from the application of SCA. / Eversheds Sutherland
• The total value of contactless transactions made using payment services provided by smartphone and other original equipment manufacturers (OEMs) will reach more than US$1 tn in 2022, a rise of 377% on 2019, Kaleido Intelligence predicts. / NFCW
• We have seen a significant increase in consumer preference for digital payments, especially contactless, amid COVID-19 and contactless ticketing solutions will help transform passenger experience and make Dubai more connected. / Intelligent Transport
• Of the one billion transactions, 400 million took place in the UK 5, and further growth can be expected given the announcement that the UK contactless limit will increase to £100 later in 2021. / News

Last updated: 13 June 2021