Since the out break of COVID-19 took hold the way customers transact in-store has changed massively with the use of cash being a major part of the transformation.
Since the out break of COVID-19 took hold the way customers transact in-store has changed massively with the use of cash being a major part of the transformation.
Card issuers acted quickly to encourage customers to pay via contactless by increasing the payment limit to £45. Just in the month of April (the first full month of COVID) there was over 7 million contactless payments in the UK and Ireland above the previous limit of £30, and up to the new limit of £45. According to the data, since the new payment limit has been put in place, the average value of contactless transactions has grown from £9.28 to just under £14, while a total of £264 million has been spent on contactless payments above £30. An amazing total of 43% of in-store transactions between £30 and £45 are now contactless according to the report issued by Essential Retail.
Q-Park are unique in the parking industry and were ahead of the curve in introducing innovative contactless parking systems into the car park facilities across the UK/Ireland. Not only was contactless payment functionality introduced onto the standard pay machines but also, they were retrofitted on the barrier pedestals. This system allows customers to enter and exit the car park using their bank cards with no parking ticket required which means there was never a reason for customers to queue at the pay station ever again. The change in the world that we live in means Q-Park now offer the safest and most socially distant way to travel into city centres.
Payment at the exit barrier have more than doubled since COVID-19 started and Q-Park continue to demonstrate that Contactless Parking is as simple as 1,2,3!
To find out more about this innovative payment solution click here
