Tag: contactless payments

The UK could be increasing the contactless payments limit from £45 to £100, as one of its first moves away from the European Union.

In a bid to encourage the mainstream adoption of cashless transactions, India-based banking group Axis Bank launched its own range of wearable contactless payment devices, called Wear N Pay.

Manchester-based GoodBox, which provides charities with contactless payment tools, closed a £9m funding round from existing backers including tennis champion Andy Murray.

Smartphone adoption and consumers warming up to it will push the contactless payment markets to be worth $100bn by 2026, according to a new report from Global Market Insights.

Revenues from tokenised mobile payments will exceed $40bn by 2024, with e-commerce being the major driver, according to a new study from Juniper Research.

Contactless payment platform ToneTag has reportedly raised between $8m and $10m in its latest funding round.

Contactless payments provider ToneTag has reportedly picked up a $1.33m funding round.