Pandemic has driven contactless spending up 30%
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Contactless card spending will account for almost half of all transactions made in the UK by the end of next year as the pandemic has “forever changed the way consumers…
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Sainsbury’s controversial Nectar card changes explained
Sainsbury’s is continuing to face a backlash on social media after quietly changing how its Nectar card loyalty scheme works.
Sainsbury’s Nectar card loyalty scheme is used by over 18…
Read MoreContactless spending limit to jump to £100 later this year
Contactless spending limits will rise from £45 to £100 in a bid to boost spending on the UK’s struggling high streets.
The contactless spending limit will have more than tripled…
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Tesco apologises after “error” causes thousands to be overcharged
Tesco has apologised after a “technical error” caused potentially thousands of customers be charged twice or even three times for their payments.
Tesco customers have been overcharged in stores and…
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90% of card payments were contactless in 2020
Contactless payments accounted for nearly 90 per cent of all face-to-face card transactions last year, largely driven by the rise in spending limits to £45.
Barclaycard’s latest data has revealed…
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Monzo launches £180-a-year Premium package with new metal card
Digital banking business Monzo today launched its new Premium package, offering phone and travel insurance for customers.
The metal Premium card will cost £50 to make and cost customers £180…
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Contactless, Cash and Coronavirus: Will COVID-19 wipe out cash in the UK?
When was the last time you used cash? The most likely answer, according to numerous studies, is not since before the start of the pandemic.
In October, months before COVID-19…
Read MoreCard payments to be the new normal as “behaviors have fundamentally changed” during lockdown
Card payments are set to experience a “permanent” boom in usage due to the coronavirus pandemic, according to card giant Visa.
Cash usage has fallen dramatically since worldwide lockdowns have…
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90% of “face to face” transactions now made by contactless as cards overtake cash for first time
Card payments were used more than cash for the first time ever in the UK last year, while contactless transactions have skyrocketed in recent months due to COVID-19.
Card and…
Read MoreContactless spending limit rises to £45 from today
Contactless card spending limits will be raised to £45 today in widespread measures being but in place across the UK to help combat the spread of coronavirus.
UK Finance, a…
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