According to the trade association, UK Finance, there were 13.2 billion debit card payments in the UK last year, compared to 13.1 billion in cash, making 2017 the first year where cash was no longer king. Of course, all this is only made possible by the software which supports it. Since Payleven released the first device onto the UK market in 2012 it’s been the new and smaller businesses which have really benefitted from this explosion of tech, with businesses and individuals alike using these fast, efficient systems to power their trade activity. Compatible with iOS and Android smartphones, tablets and other devices, these facilitators of commerce are now common and consumer trust is now firmly in place regarding these types of machines and the contactless payments they make on them. The UK Finance report stated that the rise of contactless payments is a key factor in increased debit card use, with almost two-thirds (63%) of adults now using contactless cards, with the average shopper making nine contactless payments per month, up from five in 2016. By 2027, UK Finance expects adults to be making 22 contactless payments per month.
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