Payments

Global contactless card transactions reach $2.5 trillion in 2021

28th July 2021 Consumer Collections |

A new report from Juniper Research has found that global contactless card transaction values will reach $2.5 trillion in 2021, from $1.7 trillion in 2020, with cards retaining the majority share of overall contactless transaction values at 79% in 2021. The pandemic has significantly accelerated an existing contactless card usage trend, and these value increases…

Card spending rise suggests consumers are adjusting to ‘new normal’

28th July 2021 Consumer Collections |

New spending analysis of UK card trends by FICO for May 2021, suggests that some consumers are practising pragmatic financial management, as well as continuing to make use of savings accrued during the pandemic. There are, however, warning signs of the financial pressure growing for those already in debt. Whilst the effects of a full…

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Payments

Global contactless card transactions reach $2.5 trillion in 2021

Card spending rise suggests consumers are adjusting to ‘new normal’

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