5 months ago 27th Jun 13:52
The research by life assistance firm CPP reveals that nearly half of those surveyed believe that a contactless method of purchase, where you simply have to tap your credit or debit card to a reader for the payment to be taken, will lead to increased levels of crime. 47% think it will make monitoring spending more difficult, worsening the UK’s already critical debt problems.
Nine out of 10 Brits don’t feel that there has been enough communication from banks on this new form of payment. There does seem to be an appreciation of the benefits the new technology could bring particularly amongst the younger generation however. The reduction in the inevitable check-out queue was seen as the ultimate benefit with not having to carry cash and general ease of use proving popular also.