Marks & Spencer’s adopting contactless payments platform

POSTED BY on Aug 20 under Mobile & Web News

One of the UK’s largest retailers, Marks & Spencer’s is adopting contactless payments.

Marks & Spencer’s has added contactless terminals to 25 of its busiest stores in London. The company has over 700 stores in the United Kingdom and it is the one of the first to adopt the contactless payment technology.

In the UK there are over 110,000 contactless POS terminals, most of them with small merchants, largely paid by Barclays and its Barclaycard.

Streamline is the competing issuer and it is handling the Marks & Spencer’s rollout.

More UK merchants are adopting the contactless technology, on of them is the UK Post Office, which installed over 30,000 terminals and equipped over 11,000 branches to accept contactless payments nationwide making it the largest merchant to date to adopt the technology in the United Kingdom.

TfL is also planning to install contactless terminals to more than 8,000 buses to accept contactless cards and collect fares by the end of 2012.

Visa is forecasting that in the UK there will be over 30 million contactless cards by the end of the year.

Source: techonthego.co.uk

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