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The total value of all contactless payments jumped 49.7% in 2022, as consumers embraced the £100 transaction limit and returned to high street shopping following the easing of all coronavirus restrictions, new data from Barclays has revealed.
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According to new data from Lloyds Bank, 9 out of 10 in-person transactions are now made with contactless, a rise from 65% to 87%. In April 2020 – during the pandemic – the contactless limit was increased from £30 to £45, rising to £100 in October 2021. These higher limi
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