With figures from MasterCard showing that contactless transactions in Europe grew by 174% year on year in the last quarter of 2014, the payment network is predicting that the surge in contactless usage is paving the way for the mass adoption of mobile payments.
Overall, European consumers increased their contactless usage by more than 20% during the last quarter of 2014. According to MasterCard: “With acceptance at over three million contactless-enabled retailer locations globally, representing a 56% year-over-year increase, it’s also more convenient than ever for everyone to use their contactless card, mobile or other device for purchases.”
In the Czech Republic, 52% of MasterCard and Maestro in-store transactions are now contactless, with similar growth trends witnessed in Poland (33%), Hungary (18%) and Slovakia (17%). The Netherlands was the quickest growing contactless country in Europe during the quarter, with one million transactions per month, around eight times more than in the second quarter of the same year.
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