More Brits may be undertaking mobile credit card payments

Brits may be feeling more comfortable with using their credit cards to purchase items via their mobile phones.

That is because recent figures from the British Retail Consortium (BRC) have revealed that the number of mobile retail searches conducted increased by 181 per cent in the first quarter of the year compared to the same period in 2010.

This suggests that more people are searching for goods to buy using mobile commerce for which they will need credit cards.

It was also found that mobile searches accounted for 11 per cent of all the retail searches made in this period.

Firms that sell items both in stores and online witnessed an increase in retail searches of 42 per cent, compared to purely online stores which saw a 19 per cent growth in searches in this period.

All of these figures suggest that more Brits are going online to browse for and purchase goods.

Stephen Robertson, director general of BRC, said: "Online is the fastest growing part of retailing. We need to better understand that development and what's driving it.

"Despite any short-term effects from weakening consumer confidence, what stands out here is the fundamental strength of the growth of online retailing."

Mark Bowerman, spokesperson for the UK Cards Association, recently gave some advice to consumers who want to use their credit cards for online shopping.

He advised Brits to make sure the web address changes from http to https when they are on an online retail site, as this means the connection is secure.

Other tips included regularly checking credit card statements to ensure that someone is not spending money on it without their knowledge and reporting any suspicious activity to their provider immediately, Mr Bowerman added.

A recent survey by Sainsbury's Finance revealed that Brits are increasingly looking for credit cards that offer rewards.

Leave a Reply

Your email address will not be published. Required fields are marked *