Contactless payments overtake chip and pin in the UK

Contactless payments usage has grown 30% in the UK over the past year to become the most popular card payment type for in-store transactions, Worldpay reports — and the growth is partly driven by an “astonishing” rise in consumer adoption of mobile payment services. The use of mobile wallets such as Apple Pay, Samsung Pay and Google Pay increased by 114% during the first six months of 2018, the payments processor’s figures show. Fashion retailers have seen the greatest shift from chip and PIN to contactless and mobile payments, with a 415% year-on-year increase overall and a 500% increase in mobile contactless payments.