Why Using A Contactless Card Might Be Costing You More Money

Credit Cards

 

 

By Tamsin Kelly, Commercial Writer in Huffpost. 

 

It’s 11 years since contactless cards were first launched back in 2007. At the time, they were a niche product only available from one card issuer in a handful of London postcodes.

Today contactless has dramatically changed the way we spend money with the majority of debit cards carrying the wifi-esque logo for easy shopping.

Just look at the stats. Usage of contactless has essentially doubled from 2016 to 2017, with £23.23 billion being spent contactlessly in the first half of 2017 (up from £25 billion for the whole of 2016), according to the UK Finance Authority which represents the banking and finance industry.

 

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