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PRIVACY
Retail & Consumer

Pandemic drives big rise in contactless transactions

The research based on transactions since April is from Paymentsense

The number of cashless transactions are increasing rapidly

The pandemic has fuelled a big rise in the number of contactless credit card transactions.

Following a 60% decrease in the use of cash machines in April 2020, merchant service provider Paymentsense has analysed data over the last six months to find out which º£½ÇÊÓÆµ cities used cash the least.

The data (based on the number and not the value of transactions) shows  St Albans had the highest percentage of contactless transactions at 86%, up 19% year-on-year.

Halifax is second at 84% (up 13%) and Brighton third at 82% (up 12%).

Bristol is ranked fourth, with 78% of transactions (up 12%), followed by Cambridge, 69% (up 11%) and Cardiff 67% (up 10%).

The analysis was on transactions with a value of less than £45.

Ranking City/Town % of Contactless Transactions 2020 Contactless Transaction Increase YOY
1 St. Albans 86% 19%
2 Halifax 84% 13%
3 Brighton 82% 12%
4 Bristol 78% 12%
5 Cambridge 69% 11%
6 Cardiff 67% 10%
7 Watford 79% 9%
8 Northampton 79% 9%
9 Luton 78% 9%
10 York 77% 8%
11 Ilford and Barking 78% 8%
12 Hull 82% 8%
13 London 82% 8%
14 Lancaster 82% 8%
15 Lincoln 82% 8%
16 Dartford 81% 8%
17 Hemel Hempstead 80% 8%
18 Leicester 79% 6%
19 Sheffield 80% 7%
20 Durham 78% 6%

 In the º£½ÇÊÓÆµ more than 7.4 million people are already living a cashless life, doubling in the past two years according to º£½ÇÊÓÆµ Finance with the pandemic accelerating the switch away from cash transactions.

Jon Knott, head of customer insight at Paymentsense said: "Coronavirus has undoubtedly forced change in our lives and shopping habits. As more businesses refuse cash as a precaution against Covid, it makes perfect sense that the use of contactless cards are on the up this year, more than ever.