The Paypers

The research was carried out by Ketchum Research and Analytics, on behalf of Samsung. A total of 2,000 people aged 18+ were surveyed in the UK. Fieldwork ran from 12 to 26 August 2021.

According to the study, 36% of Brits are not aware the contactless spending limit is increasing, an average of 75% of Brits agree the future is more mobile payment friendly. 40% of Brits have expressed concern about the increased possibility of card fraud now that the new GBP 100 contactless limit came into effect on 15 October. With almost 60% still leaning towards physical cards to make payments, it’s perhaps not surprising that these concerns are being felt, say Samsung Pay officials in a press release.

Officials speaking about the mobile wallet support measures such as tokenization in order to protect mobile payments, which creates a unique randomised set of numbers for each new transaction, so the customers’ real card number is always secure and never shared from their phone.

Samsung Pay reports that 40% of brits are concerned about contactless limit increase