Tesco’s Pay+ app surpasses £1 billion in transactions as contactless payment methods skyrocket

Tesco’s Pay+ app which allows shoppers to pay with their phones and collect Clubcard points has surpassed £1 billion in payments.

Pay+ is now understood to have 1.2 million registered users and is used to make a transaction every 1.4 seconds on average.

“The world around us has changed rapidly, particularly over the past year, and we’re proud that Tesco Pay+ is helping our customers every time they shop with Tesco,” Tesco Bank’s group payments and money services director Mark Loch said.

READ MORE: Sainsbury’s to roll SmartShop mobile scanning technology out across “most” of its 770 stores by Christmas

“With the single scan of a smartphone, Pay+ provides a simple and fast checkout experience. Shoppers can track their grocery spend and have the convenience of a £250 single transaction limit with automatic Clubcard points collection, helping them to manage their money a little better every day.”

It comes as the use of mobile payment methods skyrockets across the UK grocery sector as shoppers adopt new contactless ways of shopping.

In October, Sainsbury’s announced it was rolling out its SmartShop digital mobile scanning technology to “the majority” of its stores by the end of the year.

According to Sainsbury’s its SmartShop system, which is available via an app or handheld devices, accounted for a whopping 37 per cent of sales during over third quarter.

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