For each UK purchases made using cards, one of them used a contactless technology. Thus, there was a surge in the contactless card payments.
In the year 2015, over 1 billion contactless transactions were made according to UK Cards Association.
The amount spent in using this technology in 2015 alone was higher than the amount spent in the last 7 years combined.
Half of all credit cards and debit cards were incorporated with the contactless capability.
This made it possible for the shoppers to use up to 30 EURO on their card by just bringing it closer to a sensor while in the shop; no need for a 4-digit pin.
For the whole year, for every 13 purchases, one was contactless. By December, the figures grew to one in eight.
One of the ways in which this technology is used is on the London Underground network in which millions of travelers pay for their journey by just placing the credit cards and the debit cards close to the sensors when getting into and exiting the stations.
Transport for London was the first transport authority to have made use of the technology.
In the past, concerns have been raised concerning how secure the contactless card technology is. The company in a reassuring statement said that fraud concerning this method of payment was very low.
Some experts have been worried that as much as the fraud cases are very low, it is possible for somebody that is closer to the user to lift details of the card and the owner may not know about it. Suggestion is that the card should be wrapped in a tin foil or placed in a foil-lined wallet. That would guard it I some way.
Each contactless card has security check built in it that needs a pin to be input after a certain consecutive number of contactless payments. That is to help verify the owner of the card.