24 August 2012 6:59am

Contactless payments are gathering pace as a payments option, at least in the niche merchant segment that is the taxi industry.

Cabcharge yesterday provided an overview of the use of contactless bank payments card (as well as its own proprietary cards).

At Cabcharge:

-- There have been two million contactless transactions since the introduction of this payment option more than two years ago.

-- There have been 500,000 contactless payments for each of MasterCard and Visa cards since January 2012.

-- Twenty per cent of scheme-branded payments are now...