Visa Europe, RBS and NatWest launch contactless payments
Published on: 6th Feb 2013
Note -- this news article is more than a year old.
Visa Europe today announced that contactless cards will be rolled out to RBS and NatWest cardholders in the UK. Over two million eligible RBS and NatWest customers will receive a contactless card over the next year.
Mark Austin, Vice President - Contactless at Visa Europe said: "We're delighted to announce that RBS and NatWest will be rolling out Visa contactless cards in 2013. Many major merchants like Marks & Spencer, the Post Office and London's buses are now accepting contactless payment as the service becomes a high street reality. We are expecting to see contactless transaction volumes quadruple in 2013 as momentum in this exciting space continues to grow."
Today there are almost 30 million contactless cards in circulation in the UK and around 50 million in Europe.
Contactless payments are accepted at more than 150,000 terminals in the UK and a total of 590,000 across Europe. By the end of 2013, there will be more than 70 million Visa contactless cards in use across Europe.