LONDON—The percentage of payments made with a mobile phone in U.K. stores has jumped from 1.3% in Q3 2016 to 5.6% in Q3 2018, a new report shows.
Compared to this time last year, the volume of contactless mobile payments in the U.K. has increased by 60%, a report by Cardlytics found.
Cardlytics found the biggest beneficiaries of growing mobile payments are quick-service merchants who have introduced contactless payment methods, stated NFC World in its analysis.
“This includes quick-service-restaurants (11.3%), coffee shops (11%), public transport (11%) and bars and pubs (9.25%),” NFC World said.
"This reflects that mobile payments are used more readily at merchants that people visit on a daily basis and wish to pay more expediently, while less popular amongst bigger-ticket, one off purchases," said the Cardlytics report.