Visa Europe expands NFC payments to 2m Brits | Mobile Payments | Mobile Entertainment

Visa Europe expands NFC payments to 2m Brits

Visa Europe expands NFC payments to 2m Brits
Zen Terrelonge

by

Payments / NFC / February 7th 2013 at 1:21PM

Secures deals with RBS and Natwest to provide cards to customers.

Visa Europe has secured a partnership with RBS and Natwest, which will provide NFC-based contactless cards to more than two million eligible UK customers, enabling them to pay for products in big name brand stores like M&S via a simple tap of their plastic.

NFC, of course, is a growing feature in new smartphones, with the Samsung Galaxy S III and BlackBerry Z10 both sporting the tech. The Visa launch will take place over the next year as the companies put on a united front to enhance their innovation and customer service.

Mark Austin, VP of contactless at Visa Europe, said: "We’re delighted to announce that RBS and NatWest will be rolling out Visa contactless cards in 2013. Many major merchants like Marks & Spencer, the Post Office and London’s buses are now accepting contactless payment as the service becomes a high street reality.

"We are expecting to see contactless transaction volumes quadruple in 2013 as momentum in this exciting space continues to grow."

There are almost 30m contactless cards in the UK and 50m in Europe, with more than 150,000 and 590,000 terminals accepting the payment method in the UK and Europe, respectively. Visa assures it will have over 70m Visa contactless cards in use across Europe by the end of the year.