By Dave Hobday
This September, the upper limit for contactless payments was officially raised to £30. Many entrepreneurs and small business owners might not even have registered this seemingly minor event, but we at Worldpay believe it could represent a significant moment in the evolution of payments.
By Sean Wilson
The way that customers pay businesses is changing fast. From wearables to contactless technology, are you ready for the payments revolution
The trend of contactless payments is set to spike significantly as the limit per transaction increased to £30 on 1 September, which follows British consumers spending £2.5bn with the method in the first half of 2015.
After being announced earlier in summer, Apple Pay, the new mobile payments channel from Apple, has officially launched in the UK. As the face of British retail looks set to change forever, business execs from across the country, and those with overseas experience, have offered Real Business their thoughts, some good and some bad, on the arrival of the new technology.
European users of Visa cards have collectively made 1.1 billion contactless payments in the past year, generating a spend of €12.6bn.
A majority 75 per cent of British retail spending was done through cards in 2014, as consumers spent a record-breaking £600.3bn with their debit, credit and charge cards.
We’ve tracked down the biggest movements in the technology and digital space from across the year, which the markets will only look to experience more growth in 2015. How will you incorporate the platforms into your business
