No Touching: Contact Free Payment Options
The behaviour around not using cash to pay for your day-to-day is being reinforced.The use of cash has sharply declined in recent years. Since the Covid-19 crisis started, we’ve seen a lot of shops stop taking cash, to minimise the risk of spreading infection – embedding further the behaviour of consumers to Contactless payments. The behaviour around not using cash to pay for your day-to-day is being reinforced. So, when shops finally re-open, it is likely that this trend towards contact free payments – cashless and Contactless will continue.
Report Snap Shot
- Visa and Mastercard have recently increased the Contactless payments from £30 to £45, thereby reducing the number of instances customers have to handle a terminal to authorise payment.