This is a trade facing website. Visit the ACT's consumer site for information and advice on cycling and find your local independent cycle retailer.

Search News

Results: 1-10 of 1006

31 Mar 2023

Checkout Bira's FREE opening times and social media toolkit downloads for Easter!

23 Mar 2023

The ACT has announced that the annual Local Bike Shop Day will take place on Saturday 29...

22 Mar 2023

A new 250-mile coast to coast cycle route set to launch in the south of Scotland this summer will be named after Kirkpatrick Macmillan, the 19th century Dumfriesshire blacksmith who invented the...

21 Mar 2023

Data from City Ratings, which ranks global cities according to how cyclable they are, lists Edinburgh as the UK’s top city in 12th place.

21 Mar 2023

Schools are being encouraged to sign up for The Sustrans Big Walk and Wheel 2023. The walking, wheeling, scooting and cycling to school challenge runs from Monday, March 20 to Friday, March 31.

21 Mar 2023

The Walking and Cycling Alliance (WACA) has written to the prime minister urging him to reverse the controversial decision to cut the budget for active travel schemes in England – a move...

16 Mar 2023

Industry experts and trade associations in the retail sector have been expressing their disappointment at the support offered to retailers in the Chancellor’s Budget.

14 Mar 2023

New data shows that a majority of the UK public oppose the rising and unregulated costs British businesses face for simply accepting payments. With the cost of doing business at record levels,...

13 Mar 2023

From saving energy and lighting costs, to using biodegradable packaging and prolonging a product’s lifespan, Drapers Magazine has been looking at how independent retailers can improve...

8 Mar 2023

As the world marks International Women’s Day, the Association of Cycle Traders is among several industry organisations backing a new Diversity in Cycling campaign, a project led by the...

Back to news menu

Value of contactless payments grew 50% last year.

Posted on in Business News , Cycles News

Barclays, which oversees nearly half of the UK’s card spending, has reported that the total value of contactless payments made using Barclays cards in the UK increased by 49.7% year on year in 2022.


Barclays cardholders made an average of 220 tap-to-pay transactions last year, totalling £3,327 per person. Mobile wallets accounted for 4.1% of all contactless payments value last year, up from 3% in 2021. UK payment habits are evolving as consumers embrace digital convenience and use less cash.

In addition, contactless spending grew the strongest among consumers aged 65 and older, with Northern Ireland and Scotland home to the fastest contactless payments user growth in the UK.

While contactless payments have long been popular in the UK, according to the bank, three factors helped fuel higher adoption last year.

•    Higher contactless payment limit. The UK raised the contactless payment limit from £45 to £100 at the end of 2021. This gave consumers more opportunities to use their cards in-store.

•    Stronger acceptance. All bank-issued card terminals in the UK have accepted contactless payments since January 2020, according to UK Finance. But more merchants, especially small businesses, have started upgrading their payments hardware, expanding contactless acceptance throughout the UK—making it easier for cardholders to make contactless transactions.

•    Increased mobile wallet use. While cards make up much of the UK’s contactless payments segment, mobile wallets have made headway: The number of UK proximity mobile payment users grew 10.7% year on year in 2022, accounting for a little over 23% of the UK’s population. Mobile wallets could capture more contactless payment volume going forward as players like Apple Pay and Google Pay expand their features.

Back to news menu

Useful links

If you have any other queries please contact us.