In April, the UK spending limit for contactless payments had been increased from £30 to £45
30% of Brits want contactless spending limit to increase. Source: unsplash.com
According to ACI Worldwide, 32% of UK consumers would like to see a further increase in the current £45 contactless spending limit.
Among those in favor of an increase, 40% report they want the limit to increase to £100.
When asked about behavioral changes, 63% of the respondents said that since the beginning of the lockdown they’ve made more card payments.
In fact, 21% of respondents said they do more grocery shopping online.
While 80% have made more contactless payments, 24% have carried out more mobile wallet payments.
The data found that 57% of Brits made more digital payments to feel safer. For 36% of the respondents, digital payments are easy-to-use, that’s why they are using them more.
When asked what changes they will make, 32% said they will use cash less often even when life goes back to normal. Meanwhile, 24% will continue to use more e-payments for convenience.
We’ve reported that the global mobile wallets industry is expected to boost nearly 50%, reaching $1.47 trillion value in 2020. For comparison, the global mobile wallets market was worth $405 billion in 2017.
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