NFC mobile payments ‘shake off the novelty tag’ in the UK

British consumers used their mobile phones to spend more than £370m (US$477m) in stores equipped with contactless payments terminals during the first half of 2017, an increase of 336% on the amount spent during the first half of 2016, transaction data analysis conducted by payments processor Worldpay has found. The overall share of transactions conducted using an NFC mobile phone has almost doubled during the first half of the year, from 1.18% at the end of 2016 to 2.04% in June 2017, Worldpay says.