NEWS IN BRIEF Q4 2015…

11.12.2015. 61% of Londoners prefer to make payments using cards. Retailers could fail to take advantage of Christmas shopping if they don’t offer card payment facilities to shoppers, with 80% of buyers in the UK expected to shop through cards this year.

According to research from EE, 25% of shoppers don’t complete transactions due to lack of card payment facilities, with the number of shoppers who abandon transaction at around 13 million. The report also revealed that more than 28% of shoppers prefer to use contactless due to its simplicity, and 29% prefer paying via contactless because of its speedy nature.

The increased popularity of contactless payment is particularly impacting small retailers who do not possess the technology required to facilitate such payment systems.

According to the research around 72% of the shoppers in Brighton said that they would use their cards for the majority of their transactions, followed by shoppers in York, with 71% claiming that they would use cards to pay for their shopping. Around 66% of the shoppers in Birmingham, 65% in Norwich and 63% of shoppers in Bristol also prefer using cards.


08.12.2015. After a slow start, contactless cards have finally taken off in Europe. Spectacular growth in the volume and value of contactless payments across the European Union during 2014 has set the scene for a mass-market breakthrough over the coming years as resolutions by Visa and MasterCard accelerate the roll out of new cards and terminals across the region. According to data from research house RBR there were 223 million contactless cards in issue in Europe at the end of 2014, up 65% compared to 2013, and representing 15% of all payment cards. Consumer adoption of the technology is also on the rise, with 1.4 billion contactless payments worth €15 billion made in Europe in 2014, rises of 155% and 190% respectively compared to 2013.

These are staggering increases, but contactless transactions still represent just 2% of the overall volume of card payments in the region and 0.5% of their value. RBR forecasts the number of contactless cards in issue to treble between 2014 and 2020 to just short of 700 million cards, representing more than 40% of the total regional card base.

Similar increases can be expected in the intalled terminal base. There were 2.5 million contactless-enabled terminals in Europe at the end of 2014, representing 16% of all Eftpos terminals in the region. MasterCard and Visa have both mandated that new terminals should be capable of accepting contactless transactions by the beginning of 2016 and all existing terminals should be converted by the beginning of 2020.

As a result, the level of contactless acceptance is set to soar for the rest of this decade, with RBR forecasting a nine-fold rise in the volume of payments to 12.2 billion in 2020, by which point they will account for 13% of all card transactions.

“At some stage there will be a tipping point, after which the movement to contactless will be extremely quick,” says RBR. “That point has not quite been reached, but it is becoming closer all the time.”


01.12.2015. UK Card Expenditure Statistics: November 2015.  The value of the average contactless transaction increased in Septembers a result of the increase in the contactless payment limit, the latest figures from The UK Cards Association show.

In September, the average contactless transaction was £7.35, up by 23p on the August figure. This coincided with the rollout of the new £30 contactless payment limit. Contactless payments accounted for 8.9 per cent of the total number of card purchases in September and the rise in transaction value reflects the further migration of low-value purchases from cash to card.

Total spending has increased year-on-year from £48.5 billion to £52.7 billion. There were 1.1 billion transactions.

Online spending accounts for an increasing proportion of spending at 22.1 per cent of the total, up from 20.9 per cent in September 2014. During the third quarter of 2015 there were 85 million more purchases than the second quarter, with spending £1.9 billion above the quarter two figure.

Overall, at £46.19 the average value of a transaction is continuing to decline. This is less than the £47.48 ATV figure of September 2014, but has increased by 5p from August 2015.

Richard Koch, Head of Policy at The UK Cards Association, said, “Consumers are increasingly reaching for their cards as their preferred method of payment. We know an increasing number of shoppers are choosing to make contactless payments, especially with the new £30 contactless payment limit. We expect to see last year’s trend of consumers using their debit cards, more than their credit cards, continue as we approach the festive season.”


09.11.2015. Semble releases ‘The State of Pay’. As the first mobile wallet to launch in New Zealand, Semble has a good understanding of the industry and the players involved in the mobile revolution. ‘The State of Pay’ examines the local and global mobile payment landscape and what this means for New Zealanders. This includes Semble,  Apple Pay, Android Pay and Samsung Pay. Download ‘The State of Pay’