By John Glenday

Payment products provider Visa is riding the crest of a contactless payments wave in Europe after the firm reported a 250 per cent surge in transactions across the UK.

Recent growth in the industry has seen the total share of contactless payments rise from just 1 in 25 a year ago to 1 in seven today – with no sign of the growth abating.

Contactless payment demand has been driven in no small part by Transport for London with commuters in the capital notching up 1m transactions between them each and every day.

Overall Visa recorded a 9.6 per cent increase in UK Read full story ›

Source: The Drum