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New €30 Limit Boosts Tesco's Contactless Visa Transactions

Published on Aug 9 2017 11:55 AM in Retail tagged: Visa / Tesco Ireland / visa ireland / Philip Konopik

New €30 Limit Boosts Tesco's Contactless Visa Transactions

Tesco has said that the increase in the contactless payment threshold from €15 to €30 has had a significant impact on the growth in popularity of contactless payments, according to a recent statement.

Customers are making contactless Visa transactions reaching over 330,000 every week, across Tesco Stores in Ireland on a weekly basis, and the this new limit has broadened the basket of goods that can be purchased with the technology.

With over 2,200 contactless payment terminals across the country, Tesco has become the largest Visa contactless retailer in Ireland and now accounts for 10% of all transactions in Ireland.

Geraldine Casey, People & IT Director at Tesco Ireland, said: "Our investment in contactless technology enables us to help our customers in a small way everyday by offering quick and convenient transactions in all of our stores."

Casey said that its customers are responding well to this offering, with transactions in its stores now accounting for 10% of all Visa contactless transactions in Ireland.

Philip Konopik, Country Manager, Ireland, Visa, added, "As the popularity of contactless payments amongst Irish consumers continues to grow rapidly, it is great to see one of Ireland’s largest retailers leveraging the advantages of contactless payments, enabling their customers to benefit from a faster and easier checkout experience."

© 2017 - Checkout Magazine by Donna Ahern

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