By John Glenday

Contactless card payments have been handed a timely fillip after the maximum transaction threshold was raised from £20 to £30 in recognition of growing acceptance of ‘tap and go’ payments.

It is hoped the measure will drive further adoption as consumers use the technology for larger payments, signifying a continued shift away from cash in the economy, with retailers such as Greggs, McDonald’s and London transport all embracing the system.

Kevin Jenkins, managing director of Visa UK and Ireland, commented: “We believe that the new threshold increase to £30 could be the most significant to date, and has the potential to essentially Read full story ›

Source: The Drum