In U.K., Big Jump in Percentage of Payments Made Via Mobile Devices

LONDON—The percentage of payments made with a mobile phone in U.K. stores has jumped from 1.3% in Q3 2016 to 5.6% in Q3 2018, a new report shows. 

Compared to this time last year, the volume of contactless mobile payments in the U.K. has increased by 60%, a report by Cardlytics found.

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Cardlytics found the biggest beneficiaries of growing mobile payments are quick-service merchants who have introduced contactless payment methods, stated NFC World in its analysis. 

“This includes quick-service-restaurants (11.3%), coffee shops (11%), public transport (11%) and bars and pubs (9.25%),” NFC World said.

"This reflects that mobile payments are used more readily at merchants that people visit on a daily basis and wish to pay more expediently, while less popular amongst bigger-ticket, one off purchases," said the Cardlytics report.

Section: Standard
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Copyright Holder: CUToday.info
Copyright Year: 2019
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URL: http://www.cutoday.info/THE-globe/In-U.K.-Big-Jump-in-Percentage-of-Payments-Made-Via-Mobile-Devices