Contactless technology has been heavily promoted in recent times, first the spending cap was raised to £30 from £20, then the data was revealed showing more consumers were ditching traditional payments, with over £2 billion being spent in the first six months of the year via contactless cards.
More recently, the TfL said over 180 million journeys have been made using contactless payments on London’s transport network in the first year since its launch. 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.
Given these staggering figures, it’s no surprise that TfL has continued to extol the virtues of contactless technology. In the videos below, it highlights the financial benefits of the technology, where it can be used as well as the finance management options that come as a bonus of contactless card technology.
This follows on from earlier videos that aimed to highlight the financial bonuses of using contactless technology. From cheaper rates to finance management tools.
Daniel Smith, Director of Relationship Management, Basset and Gold interview: “Consumer demand for new and innovative forms of finance is soaring”
Basset and Gold has announced the launch of its new Innovative Finance ISA (IFISA).
Anthony Walton, CEO of Iliad Solutions explores the latest developments and challenges with APIs.
Visa has announced it will be launching a new wearable payment device.
TransferWise has announced a partnership with Starling bank to provide easier international money transfers.