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Contactless payment soars in 2016

The number of transactions made via contactless payment has soared by 166% in 2016.

Manchester, Glasgow and Blackpool saw the largest increases in use of the payment method, with 325%, 308% and 296% increases respectively. However, London remains well ahead of the rest of the country in its use of the technology with 47% of all eligible transactions (£30 or under) now completed with contactless.

The research, from the Barclaycard Contactless Spending Index, also shows that service stations have seen the biggest increase in contactless spending, up 285%, while department stores have seen a 170% increase.

The UK Card Association recently revealed there are now over 100 million contactless debit and credit cards in the UK.

Tami Hargreaves, commercial director, digital consumer payments at Barclaycard, commented: “In 2016, the increasing popularity of mobile payments and wearables has also contributed to the surge in contactless, and as more retailers continue to accept ‘touch and go’ as a way to pay we expect this upward trend to continue well into next year.”

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