Tap that: why we love contactless debit cards

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“Whether or not retailers choose to pass those costs on to consumers is up to them. It’s inaccurate to say that all retailers raise their prices to cover those costs. Some may do so, while others may absorb it as a cost of doing business,” chief executive Karen Scott-Howman says. And she says in countries where merchant service fees have been regulated, the evidence shows reductions haven’t been passed on to consumers.

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