Long viewed as a gateway to mainstream acceptance of contactless cards, the London transport network appears to be providing a similar uplift for the mobile payments market, with one-in-ten contactless journeys on London’s buses and tubes now paid for by the likes of Apple Pay and Samsung Pay.
In total, 40% of all pay as you go journeys are now made using contactless. This is up from 25% in early 2016.
The arrival of contactless on London’s transport network is widely viewed as having a galvanising effect on uptake across the general population. The latest figures from Barclaycard suggest that half of all in-store card payments up to £30 across the UK are now made by contactless.