Forget the year of the dragon – 2012 is set to be the year that contactless payments really take off in the UK … if those behind the technology are to be believed.
Until now, it’s fair to say the contactless revolution, allowing people to pay for less costly items without having to key in a pin, hasn’t grabbed British shoppers. A mistrust of the technology in some quarters and a lack of interest among some banks haven’t helped.
However, with London 2012 set to be the first contactless Olympic Games, Mark Austin, Visa Europe’s head of contactless, is predicting this will be the year it all takes off. He likens it to the boom in internet shopping that came from a slow start. Once we use our cards “contactlessly,” he predicts, we won’t want to stop.