'Silver spenders' help drive tap and go contactless payments to record high

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'Silver spenders' help drive tap and go contactless payments to record high
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A surge in the number of people making card payments via mobile and the over-65s mean the technology is proving a widespread success, according to a report.

An estimated 91.2% of card payments last year were contactless, according to data covering spending when the technology was available.

Analysis of habits by debit and credit card users at Barclays showed face-to-face or in-store spending using contactless was up from 82.6% achieved the previous year. The bank credited much of the"tap and go" growth to payments via mobile phones and on the over-65s - so-called silver spenders - with almost 83% of eligible cardholders using contactless in that age bracket.Across all age groups, contactless users made an average of 220"tap and go" transactions, up from around 180 12 months previously.

Hotels, bars, pubs, clubs, the electronics sector and clothing retailers were among those to see the most gains.

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