Visa Europe has seen a significant increase in the number of contactless payments (card-present transaction) that it has processed this year, it nearly tripled to three billion.
Visa Europe attributed this increase to merchants integrating tap and pay into their checkout process.
This significant increase was largely due to London’s adoption of contactless technology. The contactless payments were also attributed to the launch of Apple Pay, urging consumers to adopt new payment methods.
Setting the stage for tomorrow’s technology, like wearable devices and mobile payment services making today’s achievement possible.