61


Reflecting on the success of contactless


payments, the UK Cards Association takes a look to the future, one that is expected to be heavily influenced by mobile. In this article it identifies some obstacles that need to be avoided.


By David Baker


head of card payment innovations unit at The UK Cards Association


In 2015 the amount spent using contactless cards rose to £7.75 billion (more than double the amount spent in 2014) with significant growth following the limit increase to £30 and the full rollout of bank card payments throughout the London transport network. At the same time we saw the launch of Apple Pay in the


W


UK, heralding a real move towards the use of smartphones for payment. With the roll out of acceptance devices gathering pace and the technology gaining support across the entire retail community we can safely say contactless and NFC technology is here to stay. The question has moved from, ‘will the technology


take off?’ to’ where will it be available next?’ There are major industry projects ongoing to take the learnings from the work done with Transport for London into


ith consumers now routinely using contactless cards to transact it seems that ‘touch and pay’ technology is now firmly embedded into everyday life.


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81