Industry survey: Experts concur on an increase in limits placed on contactless payments

An overwhelming majority of industry doyens polled agreed that the current limit of Rs. 2000 for contactless card payments needs to increase. Although many people had reservations about fraud and security breaches, they still agreed some enhancement in limit is possible, especially in light of the pandemic.

Disclaimer: The views expressed in this article are those of the author and do not necessarily reflect the views of the Economic Times – ET Edge Insights, its management, or its members