Author: Finextra

fintech fintech europe payments

Contactless payments surge across Europe

In less than a year since contactless limits increased across Europe, Visa has hit a processing milestone of one billion additional PIN-free transactions. The growth of contactless has been a key trend during the pandemic, with touch-free payments seen by the public and merchants as a means of minimising the risk of Covid-19 transmission.

Charlotte Hogg, chief executive officer, Europe at Visa, comments: “The demand for touch-free payments indicates that contactless has become the norm for European consumers and retailers.”

Growing demand for contactless transactions is evident across Europe, with over 80% of in-store Visa payments now contactless. In France and Germany, the number of contactless transactions has increased by two thirds and almost half respectively year-on-year.

Of the one billion transactions, 400 million took place in the UK, with further growth expected as the contactless limit is lifted to £100 later this year.

Source: Finextra

Check out our blog here.

Recommended posts

From Chatbots to Job Cuts - Klarna’s AI Shakeup & the Future of Fintech Talent

From Chatbots to Job Cuts: Klarna’s AI Shakeup & the Future of Fintech Talent

Klarna’s AI Shakeup and the Future of Fintech Talent Since its founding in 2005, Klarna has positioned itself as a leading player in the
Meet the 11 Women Leading the Fintech Revolution

Redefining the Future of Finance: Meet the 11 Women Leading the Fintech Revolution

They say that money moves the world, but who moves the money? Meet the female fintech leaders dismantling legacy systems, bridging financial divides, and
New podcast: An Interview with Tom van Wees and Roderick de Koning, CCO and CEO of Ginger Payments