The cashless lobby is cashing in on the COVID-19 crisis
Coronavirus, we have been warned many times, has brought scammers out in force. But lobbyists are not far behind. Their activities may not be illegal, but they are pretty disgraceful nonetheless. Hardly had the coronavirus outbreak begun in January than my email inbox began to fill up with press releases claiming that the contagion was being spread by banknotes and coins — coming, er, from businesses with a vested interest in cashless payments. In Britain, the payments industry seized the moment to lobby the government — successfully — for the limit on payments via contactless cards to be raised from £30 to £45. The new limit duly came into effect on April 1.
