A recent report by VoucherCodes.co.uk and the Centre for Retail Research (CRR) reveals contactless spending is forecast to become Britain’s most popular medium for payment by the end of 2022 – accounting for 47% of all UK retail purchases.
Additional findings from the report include:
- Contactless payments are up by nearly a third (30%) since the start of the pandemic, when chip & pin payments were still the most popular way to pay
- Between 2021 and 2022, cash payments will account for just over one tenth (11%) of all purchases
- Forecasts show almost three quarters (72%) of payments will be made by card within the next year
For full details please see the press release below. If you make use of this data, please include a credit link to: www.vouchercodes.co.uk