Contactless payments hit UK milestone

Contactless payments accounted for half of all UK debit card transactions in July.

It is the first time the 50% level has been reached, according to figures from banking trade body UK Finance. 

In total there were 766 million contactless card transactions in July, a 17.8% increase from 650 million in the same month a year earlier. The total value of transactions was £7.2 billion, a 18% increase from £6.1 billion in the same month in 2018.

The fault in our cards

Which? recently flagged up a loophole that applies to some contactless payments. Some payments could still be made on cards even after they are frozen, it warned. Further details here.

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