London Daily

Focus on the big picture.
Sunday, Jun 01, 2025

Record 91.2% of eligible card transactions in 2022 were contactless – Barclays

Record 91.2% of eligible card transactions in 2022 were contactless – Barclays

Contactless users made an average of 220 such transactions last year and contactless use particularly increased among over-65s, according to Barclays.
Just over nine in 10 (91.2%) card transactions made last year where paying by contactless would have been an option did use this technology, according to data from Barclays.

The bank said this is the highest proportion it has seen, with 85.6% of eligible card transactions being contactless in 2021.

Transactions that were eligible to be contactless were those made face-to-face or in-store, up to the value of the contactless card limit, which is currently £100.

“Silver spenders” are helping to drive up contactless use. Barclays said the fastest growth in contactless use it has been seeing is among the over-65 age group.

In 2022, 82.6% of cardholders aged over 65 were using contactless, up from 78.8% in 2021, according to Barclays’ data.

Across all age groups, contactless users made an average of 220 “tap and go” transactions last year, up from around 180 in 2021.

On average, people spent £15.13 last year when making a contactless transaction.

The bank analysed consumer card spending data from Barclays debit card and Barclaycard credit card transactions to make the findings.

Across its issuing and acquiring businesses, Barclays said it sees nearly half of the nation’s credit and debit card transactions.

Hotels, bars, pubs, clubs, the electronics sector and clothing retailers were among the sectors which recorded particularly big jumps in contactless spending in 2022, compared with 2021, Barclays found.

The popularity of contactless payments took another leap forwards last year

As UK shoppers rushed to complete their Christmas purchases last year, December 23 was the busiest day for contactless shopping, with the total value being 92.1% higher than the daily average during 2022.

Adam Lishman, head of consumer products at Barclays, said: “The popularity of contactless payments took another leap forwards last year.

“The higher £100 limit, introduced at the end of 2021, really made its mark as shoppers flooded back to high streets following the easing of coronavirus restrictions, leading to a surge in transactions. Brits are also becoming more comfortable making high-value contactless payments from their mobile, with these transactions accounting for an even greater share of total contactless spend.”

The findings were released as Nationwide Building Society said the value of credit card payments and debt repayments was 13% higher in January compared with 12 months ago.

The value of spending on airline travel by Nationwide’s members jumped by 68% compared with January 2022, while holiday spending increased by 43% over the same period.

Overall, the value of non-essential spending fell by 11% month-on-month in January, while spending on essentials, such as household bills, transport and supermarket shopping, increased by 2% month-on-month, according to Nationwide.

Nationwide’s monthly spending report analysed nearly 215 million debit card, credit card and direct debit transactions made by the society’s members in January 2023.

Mark Nalder, payments strategy and performance director at Nationwide Building Society, said: “Despite worries, the nation is preparing for warmer weather and one area of non-essential spending where there has been a significant uptick in January is holidays and travel, as people look to plan ahead and book some time away from home during this year.”
Newsletter

Related Articles

0:00
0:00
Close
Hegseth Warns of Potential Chinese Military Action Against Taiwan
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Jamie Dimon Warns U.S. Bond Market Faces Pressure from Rising Debt
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Taylor Swift Gains Ownership of Her First Six Albums
Bangkok Ranked World's Top City for Remote Work in 2025
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
White House Press Secretary Criticizes Harvard Funding, Advocates for Vocational Training
France to Implement Nationwide Smoking Ban in Outdoor Spaces Frequented by Children
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
U.S. Justice Department Reduces American Bar Association's Role in Judicial Nominations
U.S. Department of Energy Unveils 'Doudna' Supercomputer to Advance AI Research
U.S. SEC Dismisses Lawsuit Against Binance Amid Regulatory Shift
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
Italy Faces Population Decline Amid Youth Emigration
U.S. Goods Imports Plunge Nearly 20% Amid Tariff Disruptions
OpenAI Faces Competition from Cheaper AI Rivals
Foreign Tax Provision in U.S. Budget Bill Alarms Investors
Trump Accuses China of Violating Trade Agreement
Gerry Adams Wins Libel Case Against BBC
Russia Accuses Serbia of Supplying Arms to Ukraine
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
Chinese Woman Dies After Being Forced to Visit Bank Despite Critical Illness
President Trump Grants Full Pardons to Reality TV Stars Todd and Julie Chrisley
Texas Enacts App Store Accountability Act Mandating Age Verification
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Vatican Calls for Sustainable Tourism in 2025 Message
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Trump Threatens 25% Tariff on iPhones Amid Dispute with Apple CEO
Putin's Helicopter Reportedly Targeted by Ukrainian Drones
Liverpool Car Ramming Incident Leaves Multiple Injured
Australia Faces Immigration Debate Following Labor Party Victory
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
Macron Dismisses Viral Video of Wife's Gesture as Playful Banter
Cleveland Clinic Study Questions Effectiveness of Recent Flu Vaccine
Netanyahu Accuses Starmer of Siding with Hamas
Junior Doctors Threaten Strike Over 4% Pay Offer
×