18% of all UK card purchases were contactless during May, compared to 7% in the same period last year, according to the UK Cards Association. Overall card spending growth continued to slow, with May registering the lowest level since July 2013. It stood at £52.6 billion, the main drivers being seasonal shopping at omnichannel retailers selling a wide range of goods and the entertainment sector. There were 1.2 billion purchases, an increase of 13 million in the month. Debit cards led the way, making up 77% of all card transactions.
Online accounted for 24% of total card spending in May, up from 22% in May 2015. Richard Koch, Head of Policy at The UK Cards Association, says: “Cards are the preferred way to pay for millions of consumers, whether picking up something small and using a contactless card or shopping online. With payment cards being used more than ever, we expect these trends to continue.”