1 week until £100 Contactless Limit Begins: Consumer Choice should come First - Comment from Diebold Nixdorf
- Matt Phillips, VP, Head of Financial Services at Diebold Nixdorf UK&I
- 08.10.2021 11:00 am #finance
With a week to go until the new £100 contactless card limit begins on Friday 15 October, Matt Phillips, VP, Head of Financial Services at Diebold Nixdorf UK&I, says:
“The increase to the contactless payment limit emboldens the industry’s commitment to giving consumers choice over how they pay - whether that be by cash, card, wallet or contactless. It ensures that digital progression reflects the needs of the market.
“It represents timely action from the industry after the pandemic heightened appetite for contactless, as customers desired safety and efficiency when shopping. This move will widen the consumer usage of contactless payments while keeping a limit that protects their account. Any move that improves the service for customers, while enabling the digital evolution of the UK banking industry is a positive step, and a trend that we hope to see continue across the sector.”
“The increase to the contactless payment limit emboldens the industry’s commitment to giving consumers choice over how they pay - whether that be by cash, card, wallet or contactless. It ensures that digital progression reflects the needs of the market.
“It represents timely action from the industry after the pandemic heightened appetite for contactless, as customers desired safety and efficiency when shopping. This move will widen the consumer usage of contactless payments while keeping a limit that protects their account. Any move that improves the service for customers, while enabling the digital evolution of the UK banking industry is a positive step, and a trend that we hope to see continue across the sector.”
