What are the disadvantages of contactless payment?
What are the disadvantages of contactless payment? Because contactless payments require neither PIN nor signature authorisation, lost or stolen contactless cards can be used to make fraudulent transactions.
What is the limit on contactless?
Each country sets its own limit or leaves it up to the issuing or acquiring bank to determine. (When your customers make a contactless payment from a mobile phone with their digital wallet, two-factor authentication is generally used and there is no contactless payment limit.)