More and more transactions without contact

More and more transactions without contact

Tech February 24, 2016 13:07

- Consumers pay for small purchases more often contactless. Of the more than 263 million debit card payments in January 2016 were more than 31 million contactless transactions. Nearly 12 percent of the total. This is evident from data Payments Association Netherlands.

The total number of transactions recorded by MasterCard in Europe passed in 2015 the milestone of 1 billion, an increase of 150 percent compared to 2014. On average 13 percent in the last quarter of 2015 in-store transactions processed by MasterCard were contactless

'Contactless payment has rapidly grown over the past year, every month by nearly 25 percent,' says Piet Mallekoote, General Director of Payments Association Netherlands. 'That's a sign that businesses and consumers are embracing the ease and speed of this payment. '

In the Czech Republic were 77% (nearly 4 out of 5) of all in-store transactions processed by MasterCard contactless 2015. In Poland, the figure was 55% (more than half), in Hungary 40% (4 of 10) and the Netherlands quickly follows with 9% (almost 1 in 10).

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