Marks & Spencer, one of the UK’s largest retailers, is reportedly the latest merchant to adopt contactless payment.
The retailer, which sells clothing, food and home products, among other merchandise, has added contactless to its 25 busiest stores in London, according to reports. Marks & Spencer has 700 stores in the UK and would be one of the first tier-one merchants to roll out the technology.
There are more than 100,000 contactless point-of-sale terminals in the UK, but most are with small merchants, largely paid for by such contactless backers as Barclays bank and its Barclaycard unit, which is a large UK issuer and acquirer. Competing acquirer Streamline is reportedly handling the contactless rollout at Marks & Spencer.