Friday, December 3, 2021

Tag: uk finance

Contactless limit to increase to £100 from 15 October but gaming is left on the fringes

Contactless payment limit increases but not for gaming
Amid a fanfare of publicity, the financial sector and the high street are preparing for the October 15 introduction of £100 contactless payments limits but guess which sector’s been conveniently ignored? Peter Hannibal of the Gambling Business Group asks why.

Contactless thrives in a socially distanced society

Contactless payments social distancing
As consumers look to limit physical contact during lockdown, contactless payments have had their limit increased to £45, with cashless expected to increase at an even faster rate during 2020 and beyond

Cashless life on the rise, says UK Finance

UK Finance data Cashless on rise
Recently released data from banking organisation UK Finance shows that the ratio of adults living a “largely cashless” life

Cashless overtakes cash for the first time in the UK, says new research

Cashless payment phone
Research from trade association UK Finance has said almost two-thirds of people in the UK are now using contactless, with 13.2 billion card payments in 2017 overtaking cash payments (13.1 billion) for the first time. Cash is still the second most frequently used payment method, accounting for 34% of all payments in 2017, but that figure is expected to fall...