With Card Payment penetration in Convenience 62% behind the rest of retail, we look at the potential causes and impacts.

February 1, 2019
Back to News

Convenience Card Payments Lag Behind Wider Retail

Recent analysis carried out by The Retail Data Partnership (TRDP) shows that card payments make up just 14% of total payments made in convenience stores. This is far behind the wider trend in retail, both online and in-store where 76% of payments are now made by card.

This difference of 62% is caused by various factors which make convenience unique in relation to other parts of the retail sector including:

Such heavy use of cash in the convenience sector is an issue. As well as the increased security risk of holding large amounts of cash on-site, it is costly to process cash at the bank. Retailers can solve this particular problem by using an in-store ATM to dispense cash instead of taking it to the bank.

Despite the poor performance of cards in convenience stores, usage is on the rise, increasing by 4% in 2018 alone. Innovations in the payments and EPoS sector have made making card payments easier for customers and taking card payments a smart move for retailers. For example, ShopMate EPoS’ integrates with a variety of payment providers available here.

Get free, direct insights
Receive weekly content as well as our monthly insights newsletter for free, direct to your email inbox.

No Thanks


All you need to know about chewing gum 

Why did the chewing gum cross the road? Because I stood on it...

Read More
Cool Stuff About Coffee 

Coffee is our favourite drug. Livin’ La Vida Mocha!

Read More
New products: Confectionery giants go head to head 

Confectionery giants Mondelez International and Mars Wrigley Confectionery (MWC) go head to head trying to win the hearts of c-store shoppers with new products.

Read More
×