Islanders will soon be able to spend more using contactless technology as the spending limit for such card payments is being increased from £30 to £45 from 1st April.
The limit increase is in response to the ongoing coronavirus crisis and follows moves by other countries in the past week.
The increase was already being discussed but has now been expedited to reflect the growing desire to use contactless payments to help stop the spread of COVID-19.
From Wednesday 1st April 2020, Islanders will begin to see an increasing number of retailers accepting contactless card payments up to the new £45 limit.
That is only being made to allow for rampant inflation which will come soon. Money cannot just be printed without creating mass double digit inflation.
We have already seen stealth inflation, where products are sold in smaller packs, or more watered down, next will come massive price rises, thus the need to up the limit.
No such thing as a ‘free’ lunch