The data: UK Barclays cardholders made an average of 220 tap-to-pay transactions last year, totaling £3,327 ($4,099) per person, per a press release. The total value of contactless payments made with UK Barclays cards increased 49.7% year over year (YoY) in 2022.
Barclays—which oversees nearly half of the UK’s card spending—highlighted other contactless payment trends:
How we got here: While contactless payments have long been popular in the UK, three factors helped fuel higher adoption last year.
The bottom line: UK payment habits are evolving as consumers embrace digital convenience and use less cash. This trend should be top-of-mind for payment providers trying to increase engagement and develop tools that appeal to customers.
Related content: Check out our new UK Consumer Payment Habits report to learn how consumers are helping shape the UK’s payments ecosystem.
This article originally appeared in Insider Intelligence's Payments Innovation Briefing—a daily recap of top stories reshaping the payments industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily.
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