The limits for contactless card payments can double in weeks to limit the spread of coronavirus from cash
Contactless card payment limits can more than double to limit the spread of coronavirus from people who use cash
- Cash payments could disappear because retailers want to narrow the COVID-19 spread
- A proposal is underway to increase the limits for contactless card payments
- Due to changes, eftpos payments can rise from $ 100 to $ 250 without using a PIN
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The limits on how much money Australians can spend on tap-and-go payments can be increased as retailers move to avoid cash during the coronavirus pandemic.
Contactless payments are currently available through Eftpos or mobile up to $ 100 without a pin.
But the limit can more than double to $ 250 per transaction, reducing the number of customers going to the stores and reducing the risk of COVID-19 transmission.
Many major supermarket chains, gas stations, and businesses across the country have already banned or discouraged cash payments as a risk mitigation strategy.
The limits on how much money Australians can spend on a tap and go payment can be increased, as retailers avoid cash like the plague amid the corona virus pandemic (stock image)
But since its introduction, a limit of $ 100 has been set for contactless payments due to the potential risk of theft and fraud if a card is stolen.
AusPayNet is the company responsible for coordinating cashless payments in Australia by connecting the country’s banks and retailers.
The payments industry is in advanced discussion about a proposal to increase the limit for contactless card transactions. This reduces contact with control panels and helps control the spread of COVID-19, “said Mr. White.
“When people make essential purchases, it is important to maintain consumer confidence and the industry is working to ensure we have a consistent customer experience. An announcement is expected in the coming days. ‘
Retailers, including grocery supplier Harris Farm, have switched to contactless payments and refused to accept cash from customers
However, the exact details of the limits that would be changed are still being negotiated between the banks, which would bear most of the consequences of theft or fraud.
An ANZ spokesperson told it 7News the bank wants to ensure that all details are smoothed out, so that the transition runs as smoothly as possible.
But he indicated that the measures would only be temporary to prevent the further spread of the coronavirus.
“The industry as a whole has not yet reached consensus on how this will be achieved and what the temporary limit should be,” said the spokesman.
The proposed changes work to reduce contact between members of the community by introducing pins with EFTPOS terminals.
The World Health Organization issued advice earlier this month to avoid cash as part of efforts to delay the transfer of COVID-19.
“We would advise people to wash their hands after handling banknotes and not touch their faces,” the organization advised.
“Where possible, it would also be advisable to use contactless payments to reduce the risk of transfer.”
A ‘No cash payment’ sign on the donut van at Queen Victoria Markets in Melbourne
The Australian Medical Association has welcomed the proposal.
Dr. Keanseng Lim of the President of the AMA, New South Wales, said that any efforts to reduce the spread of COVID-19 should be considered.
“Anything that reduces the number of surfaces that people touch and that reduces the chance of transmission should be considered,” said Dr. Keanseng Lim.
The change is one of many measures that retailers are taking to flatten the curve of the coronavirus spread in Australia.
A proposal is underway to increase the limits for contactless card payments
Major supermarket chains Woolworths have already started rolling out protective glass shields in stores that protect staff from the growing coronavirus outbreak.
Director Claire Peters confirmed on Channel Nine’s Today Show on Monday that screens will be rolled out nationwide in all stores.
“We started placing some screens so that our team and our customers feel safe when they come shopping,” she said.
Screens were installed in Town Hall and Kellyville North stores in Sydney and will roll out to other nationwide stores in the coming weeks.