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Report Sage No touching: contact free payment options

No Touching: Contact Free Payment Options

The behaviour around not using cash to pay for your day-to-day is being reinforced.

The use of cash has sharply declined in recent years. Since the Covid-19 crisis started, we’ve seen a lot of shops stop taking cash, to minimise the risk of spreading infection – embedding further the behaviour of consumers to Contactless payments. The behaviour around not using cash to pay for your day-to-day is being reinforced. So, when shops finally re-open, it is likely that this trend towards contact free payments – cashless and Contactless will continue.

Report Snap Shot

  • Visa and Mastercard have recently increased the Contactless payments from £30 to £45, thereby reducing the number of instances customers have to handle a terminal to authorise payment.

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