Published on June 8th, 20120
Post Office bringing contactless payment to 99 per cent of UK population
UK Post offices are set to host the largest deployment of contactless payment terminals in Europe, with the aim of bringing the technology to within three miles of 99 per cent of the population by the end of 2012.
The deployment will allow holders of MasterCard PayPass and Visa payWave cards to make transactions of up to £20 using near field communications (NFC), with the Post Office hoping the scheme will help increase efficiency and improve customer service.
“Our research tells us that people who experience contactless payment love the convenience and speed that it enables. This announcement marks a major milestone in making that technology even more widely available across the UK,” says Visa Europe head of contactless, Mark Austin.