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.
Starling Bank has become the first digital-only bank to join the Faster Payments Scheme as a direct participant. Traditionally, new bank entrants join the scheme via a sponsor, or another bank.
Fresh off securing $63m in funding and appointing a new CFO, the Stockholm-based provider of contactless and mobile card readers has partnered with China's payments giant, UnionPay, on increasing card acceptance for European SMEs.
Coinable became the latest cryptocurrency exchange company to receive a licence that allows it to operate in the state of New York.
Wirecard has partnered with Apple Pay in France to launch boon, its mobile payment application.