Even though McDonald's have rolled out many merchant POS terminals that can read contactless cards and at present a third of their customers pays by these cards, the overall acceptance of contactless is low. Although, there are now 75,000 contactless terminals and 17m cards, low acceptance by retailers is preventing usage of contactless cards becoming an every-day habit. A MasterCard survey in 2011 showed only 5% of UK consumers had made a contactless payment. (France came lower at 4%.)
British consumers clearly still prefer cash.
Like this item? Get our Weekly Update newsletter. Subscribe today