Some comments are just too long for Twitter but I’m unsure they are worthy of a post like this. Still, having no other place I want to comment, here goes.
Last October Apple launched Apple Pay; the contactless payment mechanism using your mobile phone and not a plastic credit card. At the time I wrote a quick summary of my payment day for those who were new to contactless payments (hint: not really aimed at the UK market). It’s now pretty mainstream.
According to the BBC, in the UK, £2.3billion was transacted this way in 2014 where “30% of all transactions [in London] below £20 were contactless,” according to Barclaycard. Last Friday the BBC even had a Six O’Clock News item on the rise of contactless payments, with the three-fold year-on-year rise amusingly illustrated with loaf tins at a bakers (pun, one assumes, absolutely intended). They also noted an increased transaction limit is coming, which is useful. See the video on BBC News.