cashless news and archive

Contactless payment limit increases to 45 pounds

Contactless card payment limit has increased from 30 pounds to 45 pounds to help make it easier and faster to shop during the coronavirus outbreak. The move is part of measures aimed at helping British retailers as well as making it easier and safer for consumers to shop, as it will reduce the need for physical contact with PIN-Entry Devices at...

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Fashion |INTERVIEW

Ingenico Enterprise Retail on trends: Buy now, Pay later, Scan&Go and subscriptions to shape 2020 retail

New York - FashionUnited interviews Lee Jones, director of Sales and Business Development at Ingenico Enterprise Retail on how advanced technology and new payment methods are shaping the future of retail in an ever digitalised, cash-less world. Lee and his team focus on Northern Europe, helping organisations implement solutions and technology...

Retail

Cashless payments continue to rise in the UK

In 2018, cashless transactions overtook cash as the most popular method of payment in the UK for the first time, as the UK generated 106.7 trillion euros in sales using contactless payments. In the report released by merchant account and card payment fee comparison service Merchant Machine it reveals that last year saw a 15 percent drop in notes...

Retail

Over a third of Brits think the UK will be cashless in 10 years

New research from Equifax, the consumer credit bureau, has revealed that 37 percent of Brits believe that the UK will be a cashless society within the next 10 years. The report notes that more than half, 53 percent of 16-34 years olds believe we’ll be reliant on digital and card payments by 2028, compared to just 22 percent of those aged 55 or...

Retail

Brits reluctant to go cashless

Just 33 percent of British consumers are comfortable with a cashless society, according to new research released by Mintel to coincide with the new style 10-pound notes. The research reveals that cash is still important for the majority of British consumers, with just a third saying they would be happy to go cashless, which drops to just 20...