The popularity of “contactless” is undeniable. Smartphone and “contactless” payments explode in 2022. For example, Switzerland allows consumers to pay up to €80, while Brits can use it to pay the equivalent of €112. In France, “contactless” is adopted by 68% of French people, according to SumUp, a European fintech. Significant adoption, but less pronounced than in other European countries.
If the article published by SumUp on January 19, 2023 tells us that Contactless payment penetration rate in Île-de-France and Corsica is among the lowest in Franceis an expression that seems harmless that attracts attention. According to the British company, “The raising of the ceiling from EUR 30 to EUR 50 by the French Banking Federation in May 2020, and soon to EUR 80, has helped strengthen the attractiveness and consumer adoption of this payment method …”.
Increasing the contactless payment limit to 80 Euro seems inevitable
in France, Over €50, you must put your debit card in a box and enter your code. To verify the transaction. According to SumUp, it will be possible to use contactless payments to pay sums of up to €80. If the British initiative refused to provide further details to our colleagues about the effective date of this measure MoneyVox, Raising this limit now seems a matter of time..
Everyone agrees that the future is contactless payment. Ultimately, being able to settle any amount without contact is the desired goal. French merchants can bend the rule a bit by adopting PIN Online, an alternative payment method that has made its mark on technologies from both worlds. What you need to do to pay more than a certain amount (currently €50 in France) make contactless payments and enter your secret code.
