The UK’s capital city, London, houses 20.4% of the entire country’s total card payments, according to research from Paymentsense.
Paymentsense’s The Capital of Card Payments report gave second place to Birmingham with a meagre 3.4%.
However, London is not the contactless capital of the UK. 59.5% of Bristol’s card payments are contactless, nearly two percentage points higher than London (57.1%).
Other cities that performed well were Brighton with 55.9%, Hull with 55.7%, and Birmingham with 53%.
Contactless usage in the UK tripled in 2016 and Paymentsense predict over one in every four (27%) payments to be in this fashion by 2026.
Not everything is smooth sailing for contactless though. While 80% of respondents said that card transactions, including contactless, were their favourite way to pay, 46% were concerned about security of card transactions.
However, 24% reported that contactless specifically was their favourite way to pay.
Contactless transactions are more popular among younger spenders, as 41% Brits aged 18-24 said it was their favourite form of payment compared to just under 10% of people aged 55+. This suggests that even though many are worried about security, increasing numbers are using this form of payment.
Cash certainly still has its uses though, as nearly 70% of Brits said they pay their children’s pocket money in cash, but only 10% of Brits were likely to generally pay in cash.
Guy Moreve, Head of Marketing at Paymentsense, says: “As a society, we’re close to becoming cashless, as our asset highlights which UK cities are the most advanced in terms of payment solutions. There’s areas of the UK that are adapting to this movement, but others that haven’t made the list need to improve and move with the times.
“The study further highlights the average person’s diminishing availability of cash, as many struggle when it comes to everyday, cash-only services such as car parks and taxis, and the importance of accepting card payments within these businesses.”