Smartphone now king of retail payments - over half of contactless transactions made with mobiles

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Smartphone now king of retail payments - over half of contactless transactions made with mobiles
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More than 1.4bn contactless payments made for goods and services in first half of this year

More than half of all contactless payments are now made using mobile wallets such as Apple Pay or Google Pay, rather than credit or debit cards, new data shows.

The average spend on each mobile wallet was €18.93, 25 per cent higher than the average payment of a contactless card. Some contactless cards have a limit on how much they can spend on each transaction. The average transaction value for contactless cards that do not have this limitation was €82.60 until June 2024.

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