UK steers clear of cash during pandemic, choosing Covid-friendly contactless June 16, 2021 The pandemic has accelerated the decline of cash, as new analysis reveals that the number of UK consumers paying with cash plummeted 35 per cent in 2020. Amid coronavirus restrictions to reduce contact between people, the number of UK payments made using cash plummeted by 35 per cent in 2020 compared with the previous year, [...]
Amazon opens first contactless grocery store in London March 4, 2021 Amazon has opened a contactless bricks and mortar grocery store in London – the first physical shop the tech giant has launched outside of the US. The Amazon Fresh store in Ealing will carry a private UK food brand dubbed “by Amazon”, and will let consumers skip the checkout queue. Shoppers will scan a smartphone [...]
Budget: The UK’s contactless payment limit lifted to £100 March 3, 2021 Rishi Sunak will today lift the limit on contactless payments to £100 in a bid to boost the UK’s ailing retail sector. The previous limit on contactless payments was £45, however the Financial Conduct Authority (FCA) conducted recommended lifting the cap after a public consultation. “As we begin to open the UK economy and people [...]
Banks raise the alarm over £100 contactless payment limit March 2, 2021 Major UK banks are said to have raised concerns over an increase in the contactless payment limit to £100 due to the growing risk of fraud. In his Budget tomorrow chancellor Rishi Sunak is expected to hike the cap on contactless spending from its current limit of £45. But a string of high street lenders [...]
Contactless payments could be raised to £100 following Brexit agreement January 27, 2021 The limit for contactless card payments could more than double under new proposals being considered by the regulator now the UK has left the EU. The limit for contactless payments was raised from £30 to £45 last April at the start of the pandemic but could not be raised further due to a limit [...]
London Underground passenger levels now 80 per cent of pre-pandemic November 4, 2022 Use of the London Underground is at its highest level since the onset of the pandemic, at 80 per cent of 2019 figures. More than 3.3m journeys were made on Wednesday compared to 4.18m at the same point three years ago before coronavirus slowed down the global, UK and London economy. In the early stages [...]
Sainsbury’s ‘technical issues’ affecting online grocery deliveries March 16, 2024 Sainsbury’s has said it is experiencing “technical issues”
The Simpsons donut Swatch watch is a sugar-rush of joy December 13, 2023 Homer Simpson’s favourite pink-frosted snack adorns a joyously tongue-in-cheek new Swatch watch, which may qualify as the stocking filler of Christmas 2023.
CoinCorner Announces World First Bitcoin Lightning Card May 17, 2022 The Bolt Card is a world first contactless card, powered by NFC and the Bitcoin Lightning Network. CoinCorner, a global leader in Bitcoin and Lightning services, is excited to announce The Bolt Card – a world first contactless card, powered by near-field communication (NFC) and the Bitcoin Lightning Network. Using a standard NFC card, the [...]
Exclusive: London fintech Revolut launches first card reader in venture into physical retail July 5, 2022 London fintech Revolut is making its first venture into physical devices with the launch of a card reader for shops and restaurants. Revolut, which now caters to a global customer base of 18m and garnered a $33bn valuation in its latest funding round, told City A.M. it was launching the device in UK and Ireland. [...]