£100 Contactless Payment Comment for Publication
- Mick Fennell, Business Line Director of Payments at Temenos
- 15.10.2021 12:45 pm #payment
"The decision to increase contactless payments to £100 from today is another clear landmark in the journey to the land of ubiquitous, seamless, frictionless digital payments. While card payments continue to lead, we are also observing a definite trend to direct account payments, which are gaining momentum through the accelerated use of tokenization, open banking, and instant payment schemes. We’re witnessing significant growth in the automation of direct pay-ins and pay-outs on websites, and we expect to see much more of this open banking-led payments technology in e-commerce in the coming years.”
