One in six card transactions in high street shops are now made using contactless methods, as customers shift from cash to card.
The UK Cards Association told tech publication IT Pro that contactless payments have increased over the last year with monthly spending around £1.5 billion, a three-fold increase on the previous year.
Adrian Buckle, chief economist for Payments UK told the publication that digital wallets such as Apple Pay and Android Pay will have a “significant impact” on how customers pay for goods.
“Payments via mobile phones, whether through an app, browser, or as part of a contactless payment will undoubtedly help to shape the way we pay in coming years,” Buckle said.
Several UK banks told the publication that they have the infrastructure in place to support payments over £30. However, they say the ultimate decision lies with retailers, the report said.