Worldpay has had its biggest month ever for contactless, processing almost £50m in payments, the greatest seen since the UK launch of the technology in 2008.
During March 2014, Worldpay processed 6.8m contactless payments, up from 5.5m in February 2014. To date the UK’s leading payments provider has processed over 80m contactless payments for its customers, more than trebling its overall contactless transaction volumes (248%), in the last two years.
The news comes as Worldpay was awarded ‘Best Card Processor’ for increasing contactless adoption amongst UK retailers at last night’s Future Payments Awards. Recognising innovation and achievement in the European cards industry, Worldpay has won the award for the second year running – for helping its customers plan for the long term; implement contactless; educate employees; and share best practice.
Worldpay has helped some of the high street’s most recognised brands install contactless in their stores, including WH Smith, Lidl and Superdrug. Having recently enabled nearly all of their terminals for contactless, more smaller-sized businesses can also now benefit from the new technology.
Commenting on the award, Dave Hobday, managing director of Worldpay UK, said: “Contactless means being able to serve customers faster and cut down queues. Today’s shoppers’ demand speedy service, and will walk away if they don’t get it. Consumers get a better in-store experience with contactless with reduced waiting times, and no need to carry cash.”
Hobday said: “If you are a business regularly taking payments of £20 or less, installing contactless is a must for keeping your customers happier, serving them quicker, and getting as many sales as possible during peak times. That’s why last year we helped over 70 large retailers move to contactless. Not using contactless means you are out of touch with what your customers want.”
Worldpay was also shortlisted in the Best Merchant acquirer category of the Future Payments awards 2014 for its work in helping UK retailers attract more global shoppers.