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Contactless spend jumps

The amount UK shoppers are spending on contactless payments has jumped 34% since the start of 2017, new research has shown.

The Barclaycard Contactless Spending Index has shown that more than half of all transactions – 51% – of value up to the eligible spending limit of £30 are now made using contactless cards.

Shoppers in the midlands and the north of England are increasing their use of “touch and go” more than anywhere else in the UK – the biggest jumps in spending were in Derby, Chester, Newcastle Upon Tyne, Coventry and Stoke-on-Trent.

Adam Herson, director at Barclaycard Mobile Payments, said: “Our data shows that growth in contactless spending has been surging for several years, but this latest insight is particularly significant as it shows shoppers now prefer to pay with ‘touch and go’, with more than half of eligible transactions made this way. This saves shoppers valuable time at the check-out and makes buying goods and services far more convenient too.”

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