Report: Visa accounts for majority of European contactless card payments
Visa now accounts for 61 percent of contactless card payments in Europe, but a new report from RBR concludes that MasterCard's PayPass is strong in several developing markets such as the Netherlands and Russia.
A press release from RBR said that, in 2014, the total volume of contactless card transactions in Europe increased 155 percent to 1.4 billion.
Visa's payWave is the largest scheme in several developed contactless card markets including Poland and the U.K., while MasterCard PayPass accounts for the highest proportion of payments in a number of growing but, as yet, relatively underdeveloped markets across the region, according to the release.
RBR research found that other card schemes combined make up less than 2 percent of contactless payments across Europe. In Germany, Girogo, the domestic contactless scheme supported predominantly by cooperative and savings banks, accounts for 62 percent of contactless card payments.
Amex ExpressPay operates in a few countries, including Greece, Turkey and the U.K. With the exception of Turkey, where it was used for 8 percent of contactless card payments in 2014, the scheme accounts for a negligible share of payments.