Forecourt Trader - 30 years at the heart of the fuel retailing community

Contactless payments soar at service stations

06 January, 2016

Contactless payments at service stations have risen by 98% following the increase in the spending limit from £20 to £30 in September, according to a survey by Barclaycard.

Looking at the overall market it said contactless payments now account for one in 10 card transactions, and contactless spend was nearing £1bn a month.

Fifty eight per cent of merchant respondents to the Barclaycard survey said that customers were using mobiles and wearable devices more often to pay for goods and services.

The Barclaycard research shows that just one in three merchants (34%) currently accepts contactless, but 83% of shoppers are carrying less cash than they did a year ago – and 19% admitting to being “annoyed” if they can’t pay contactlessly.

Paul Lockstone, managing director at Barclaycard said: “In 2015 we’ve seen contactless become an even more popular way to pay for small transactions, so much so that we can even get frustrated if a retailer doesn’t offer ‘touch and go’ as an option. As the consumer appetite for new ways to pay continues to grow, particularly with the upcoming launch of high value payments and the continuing growth in wearable payment devices, we’re expecting 2016 to be another recording breaking year for contactless.”

  • Weekly
  • Weekly
  • Daily
Weekly retail fuel prices: 12 November 2018
RegionDieselLPGSuper ULUL
East Midlands136.60139.38129.02
North East136.4569.90142.07128.06
North West136.60138.23128.71
Northern Ireland135.0969.90137.92128.64
South East137.4666.90139.94129.99
South West136.7567.90139.46129.38
West Midlands136.02140.93128.76
Yorkshire & Humber135.86140.71128.57

Most read

As Jet buys sites for the first time since selling its company owned network off in 2001, will this be part of a significant, growing trend for oil companies?


See all events