first direct Lab
Skip menus

UK holiday-makers leading the global growth of contactless

28 Sep 2018

Summer spending switching to contactless for smaller transactions

first direct has seen a significant increase in the rise of overseas contactless transactions made by UK customers this summer, as the rest of the world catches up with the contactless revolution.

first direct data shows a 14% increase in the number of contactless transactions made by customers while in Europe this summer (with a 5% increase in the rest of the world)*.

While the total value of all point of sale transactions increased only slightly (4% increase), due to the growing impact of contactless payments the average value per transaction has fallen by 10%.

The average amount spent by first direct customers making overseas point of sale transactions this summer was £52, a drop from £58 in 2017.

Joe Gordon, Head of first direct , said: “The UK has long led the way with the adoption of contactless technology, and our customers appreciate the convenience and security it offers.

The rest of the world – particularly European countries – are now embracing the cashless economy, and Brits are increasingly turning to contactless for all the small day-to-day purchases we make while on holiday.”

Using your card abroad

If you are traveling abroad, you can use your contactless card or device wherever the retailer is displaying the Contactless Symbol below.

The current contactless transaction limits vary in different countries. For example, in the UK the limit is £30, but the equivalent limit is €25 (£18) in France, $100 (£48) in Canada, and $100 (£45) in Australia.

People need to remember they may also be charged for making a foreign payment using their card, whether it’s for a contactless payment or for a chip & PIN payment.


+ 1 like this
Share this (opens in a new window)

You may also be interested in …

YouGov survey reveals the unexpected cost of Christmas takes total spend to £1,400 The average British household will splash out an additional £650 this Christmas to cover the unexpected cost of the 12 days following Christmas Day, a report published by first direct reveals.

Share this (opens in a new window)

first direct will start to roll out Contactless cards this month, enabling customers to pay for items up to the value of £15 with just a single ‘tap'. The direct bank will be replacing those debit cards which are due to expire from May 2012 onwards...

Share this (opens in a new window)