UK sees 250% rise in NFC mobile payments in stores

The number of mobile transactions as a percentage of all in-store transactions has grown by 247% in the UK over the last year, analysis of transaction data and a consumer survey conducted by payments processor Worldpay has found. Workers paying for lunch on the go and payments for drinks in bars are the main drivers of the increase in transaction volume. Worldpay“Lunchtime ‘Meal Deal’ hotspots, including supermarkets and grocery stores accounted for 54% of all mobile tap and pay transactions processed by Worldpay in 2016,” the company says. “Pubs, bars and restaurants made up 20% of the total.”