The payment industry needs to prove to consumers that new contactless payment methods are secure, one sector commentator has claimed.
Neil Munroe, external affairs director at Equifax, said this was because there was some wariness about such technology.
"I don't think there will be rapid developments in them, I think they [contactless payments] will come in a few years time and it will start to be more developed," he added.
Mr Munroe continued that the majority of consumers would continue to use a credit card or online banking methods for a reasonable period of time to come.
According to the APACs regional payments map, 94 per cent of consumers hold a plastic card, 87 per cent a debit card, and 64 per cent a credit or charge card.
Meanwhile, a UK adult takes out an average of £3,839 per year in cash through 59 cash machine withdrawals a year, while 37 per cent regularly use cheques for spontaneous payments.
Debt Consolidation:- JST Financial, Debt Consolidation, Debt Management and Consolidation Loan Specialists