Chetwood Financial: Increasing the Contactless Limit Will Empower UK Consumers

2o November 2021

Chetwood CEO, Andy Mielczarek, recently shared his thoughts with The Fintech Times on the possible advantages and disadvantages of the newest increase to contactless payments from £45 to £100 in the UK, including the risk of fraud and understanding customers' needs and wants.

Andy states that... "It’s also a reminder for us to continue to listen to consumers about how they want to manage their finances. The rise in the contactless limit doesn’t mean we now instantly live in a cashless society, but we do need to help consumers understand and embrace new and alternative ways of paying where convenience and safety is still the priority – however, there’s a variety of choice on how you do this."

Visit The Fintech Times to get a full overview of Andy's insights.

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