One in seven of all contactless transactions in the UK now takes place on London transport

tfl

Over 180 million journeys have been made using contactless payments on London’s transport network in the first year since its launch, Transport for London (TfL) has announced.

 

625,000 per day

That astounding amount of journeys breaks down to 625,000 contactless journeys per day, 20 per cent of all pay-as-you-go and one in seven of all contactless transactions.

“It’s been an astonishing 12 months with so many Londoners embracing contactless technology on our transport network. It is clear passengers love using the payments to travel, and why on earth not – it’s quick, it’s easy and ensures you get the best fare,” said Boris Johnson. Mayor of London.

Contactless payments can be used on London Underground, tram, DLR, London Overground, buses, TfL Rail, the Emirates Air Line and most National Rail services in London.

These are just the latest statistics indicating that contactless technology is on a stratospheric rise to ubiquity. At the beginning of the month the UK Cards Association found that more and more consumers are ditching traditional payments, with over £2 billion being spent in the first six months of the year via contactless cards.

Those statistics came out at the same time as the news that the spending cap would be raised from £20 to £30.

 

‘Fast, easy, secure’

“Contactless payments in the UK have soared over the past 12 months, with spending in the first half of this year more than the whole of 2014 combined. We find that once people see how fast, easy and secure contactless is for travel, they then go on to use it in other places such as when shopping or eating out,” said Graham Peacop, chief executive of The UK Cards Association.

The rise of digital payments has also paved the way for easier and faster ways of quantifying data. For example, TfL revealed that the busiest day for contactless payment journeys was on Friday 11 September 2015 when over 900,000 journeys were made and the top five London Underground stations where customers have made contactless payments are Oxford Circus, Kings Cross, London Bridge, Liverpool Street and Canary Wharf.

The likes of MasterCard also appear to be actively encouraging more people to go contactless by incorporating rewards into the technology.

“With Rugby World Cup 2015 starting this Friday, we should see even more customers using their contactless MasterCard cards to get to the matches in London. If they do so, they will also be entered into a draw to win tickets to Rugby World Cup 2015 matches,” said Scott Abrahams, head of Acceptance and Emerging Payments, MasterCard UK&I.

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