Tag: contactless payments

A report by VoucherCodes has found 47% of all transactions are expected to be contactless by the end of 2022.

People in the UK will be able to make contactless payments up to a new limit of £100 from the 15th of October 2021.

Watchmaker Timex has partnered with Visa, Tappy and J.P Morgan subsidiary Chase to launch watch straps that can be used to conduct contactless payments.

A study has found the mobile contactless payment market is expected to grow by 24% in 2021 to around $2.489trn.

Greek FinTech Viva Wallet has raised $80m in financing to bolster its loans and instant payment services.

FinTech firm facilitating QR code restaurant payments Sunday raised a $24m seed round.

The UK’s Financial Conduct Authority has again upped the limit of contactless payments, with the cap on single transactions rising from £45 to £100.

The UK could be increasing the contactless payments limit from £45 to £100, as one of its first moves away from the European Union.

In a bid to encourage the mainstream adoption of cashless transactions, India-based banking group Axis Bank launched its own range of wearable contactless payment devices, called Wear N Pay.

Manchester-based GoodBox, which provides charities with contactless payment tools, closed a £9m funding round from existing backers including tennis champion Andy Murray.