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2. Contactless payment and in-store tech

Contactless payment

2015 was undisputedly the year of contactless.

Nationwide spending on contactless payments climbed 150% this year, with the number of transactions rising 134%, according to Barclaycard.

The contactless revolution revved up in July with the launch of Apple Pay, initially backed by 15 fashion retailers including Marks & Spencer, Liberty and H&M.

Competitors soon began to appear on the horizon, including Samsung Pay, which is expected to launch in the UK before any other European country, although no date has been confirmed. Unlike Apple Pay, and Google’s forthcoming Android Pay, Samsung will work on nearly all existing credit card readers and will not require point-of-sale terminals to have near-field communication capability.

Demand for contactless only looks set to grow. On September 1 the limit for contactless transactions rose from £20 to £30, with MasterCard announcing it would allow uncapped contactless payments on mobiles across Europe by 2017.

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