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Contactless payment limits could soon jump to £100 as the coronavirus pandemic forces a dramatic change of “behaviour in how people pay”.
The Financial Conduct Authority (FCA) announced yesterday that…
Read More90% 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…
Read MoreContactless, 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 MoreContactless payments jump 10% as non-essential stores reopen
Contactless payments increased by 10 per cent last week as retailers across the country reopened their doors to the public.
As the government allowed non-essential retailers to re-open for the…
Read MoreContactless payments key to easing anxiety as customers return to shops
Contactless payments are set to be king as customers return to non-essential shops this week, with 40 per cent of shoppers stating it’ll be a key tactic is staying safe.…
Read MoreIs automation the answer?
COVID-19 transformed the way we live our daily lives practically overnight.
While the UK might be welcoming the return of ‘normality’ to certain areas of daily life, Government guidelines still…
Read More90% 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 limit rise to £45 leads to 7 million extra transactions and jump in average spend
Seven million extra contactless payments have been made since the limit was raised at the start of the month, while average transactions rise nearly £5.
Contactless spending limits were raised…
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…
Read MoreContactless limit raised to £45 to aid social distancing
Contactless payment limits will rise from £30 to £45 from April 1 as the UK’s financial and retail sectors take measures to help limit contagion.
UK Finance, the British Retail…
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