Contactless card

Consumers in the UK can save decades of years in time every month by paying for goods with contactless cards, a new study has found.

The average person takes less than five seconds to make a payment when using a contactless payment card, whilst using the regular chip and PIN method to pay for products takes twice as long.

According to the study by card machine specialists, Card Cutters, there are 218 million contactless transactions made every month in the UK, saving more time than ever at the till.

The amount of time saved at tills each month is the equivalent to 34 years, or enough time to fly to the moon and back 2069 times.

The study also found that consumers in Wales are the quickest on the tap, with 68% of people taking under five seconds to use contactless.

At the other end of the scale, queues at the till in Northern Ireland can be expected to be considerably longer, with less than half of customers (47%) here taking five seconds or less.

It's not only regions that can affect the speed people tap their contactless, either, with age also playing its part. However, it's not millennials leading the way as may have been expected, instead more 55-65 year olds take under five seconds when paying.

Women were found to pay quicker using contactless payment compared to men, with 71% of women taking under five second to tap their cards against machines versus 65% of men.

Paul Edwards, Card Cutters UK director, said: "We believe the amount of time people save using contactless is very important. Currently people can purchase items valued up to £30; but with Apple and Android pay this could all change in the near future and the maximum spend could rise again”.

Contactless payments are also becoming more popular than other traditional methods of payments including cheque books. Research by Mintel found the only 31% of people in the UK have used a cheque in the last three months, compared to 40% in 2015.

Mr Edwards added: "As we've seen, a huge amount of money is spent using contactless payments on a monthly basis in the UK and it’s safe to say the great appeal of it is the speed and ease of just tapping a screen rather than typing in a PIN”.