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Data from Lloyds Bank has found that spend on debit cards made in person using contactless technology has soared from 65% to 87% in the last three years.
A report by UK Finance Payments Markets has found faster payments volume shot up by 23% to 3.6bn from 2020 to 2021.
A report by VoucherCodes has found 47% of all transactions are expected to be contactless by the end of 2022.
People in the UK will be able to make contactless payments up to a new limit of £100 from the 15th of October 2021.
Watchmaker Timex has partnered with Visa, Tappy and J.P Morgan subsidiary Chase to launch watch straps that can be used to conduct contactless payments.
A study has found the mobile contactless payment market is expected to grow by 24% in 2021 to around $2.489trn.
UK-headquartered FinTech SumUp has partnered with the Zoological Society of London (ZSL) to develop a digital in-house fundraising technology to make contactless donations.
New research suggests that the self-checkout market will be worth north of $6bn by 2026.
A new service from Ferrotramviaria and SIA and Tecknè will give travellers who use the rail service connecting Karol Wojtyla International Airport and Bari city centre the option to use contactless payment.
Belgian bank KBC is from now on enabling its customers to use wearable technology to conduct contactless payments.
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