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745 Regulator could loosen restrictions on contactless payment firms

UK Tech News
Oscar Hornstein @ UK Tech News · today 04:29 EDT

Regulator could loosen restrictions on contactless payment firms

The UK financial regulator has proposed expanding the use of contactless payments by allowing providers more freedom over its limits. The Financial Conduct Authority (FCA) is consulting on proposals for contactless payments to be allowed for larger purchases as the payment time grows in popularity. The FCA said on Wednesday it encourages payment firms to ...

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