Contactless payment technology rolled out for Olympics

New technological advancements are making it more feasible for holidaymakers to head abroad without any cash on them.

The popularity of travel credit cards is growing all the time, as carrying plastic is far more convenient than having a pocketful of foreign currency.

It is also a lot safer, as credit cards can be cancelled if they are lost or stolen.

Thousands of Aussies are expected to fly to the UK for the Olympic Games in July and London retailers are trying their best to accommodate more credit card users.

The Co-operative is the latest organisation to rollout contactless payment terminals in the English capital, with 175 food stores and 28 pharmacy branches expected to adopt the technology.

It essentially allows people to pay for small items by simply flashing their credit card against a point-of-sale scanner, making it more efficient to buy goods.

"Contactless technology will mean a much faster and easier, yet secure, way for customers to pay for low-value goods, which will result in shorter and speedier queues in our stores," commented chief information officer at the company Andy Haywood.

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