Goodbye small change: You’re losing out if you don’t take contactless payments

According to a new survey from GoCompare Money, three-quarters of the UK adults, 40 million people, have made a contactless payment in the last year. Over 19 million, mainly in the 35 to 54 age bracket stated it was their first-choice payment method for purchases under £30.

Perhaps surprisingly adults between the ages of 18 and 24 preferred to use cash.

Mi-Pay Group plc (LON:MPAY) is a United Kingdom-based company, which operates in the cardholder-not-present payment solutions market with a focus on assessing, managing and mitigating fraud risks. The principal activity of the Company is to deliver outsourced on-line and related payment solutions to digital e-commerce clients, primarily in the mobile sector, enabling them to monetize their on-line proposition. 

 

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