The pat-your-pockets-and-grimace combination is on its way to becoming history, with 1,000 of the Big Issue’s 1,500 vendors now taking contactless payments.
Getting rid of the need for a card reader, vendors will now be able to accept payments directly on their phones.
It’s part of a drive that will see all 1,500 Big Issue vendors becoming cashless by the end of the year. A year ago, 594 sellers were able to take contactless payments.
PayPal Zettle’s Tap To Pay lets vendors download an app and accept payments within minutes. Those buying the magazine need only tap their card or phone on the back of the vendor’s Android device.
While the vendors will still accept cash, stats show accepting cashless payments allows them to sell 35 per cent more magazines.
Nearly 70 per cent of debit card transactions, and over half of credit card transactions in the UK are now contactless.