From 1 January 2021 in Italy you can pay contactless up to € 50 without entering the PIN. This is a doubling of the current limit, decided by the main electronic payment circuits in our country (Bancomat, Mastercard and Visa), which reflects what we have seen in the rest of Europe in recent months. The increase, as stated in the press release, will be gradual: in other words, not all institutes and circuits could be ready immediately.
In recent months there has been a lot of attention around this method of payment due to the COVID-19 pandemic: one way to combat the virus that causes the disease is to avoid touching as few things as possible; POS keyboards are, together with banknotes, among the objects most touched by a large number of people, and therefore a natural receptacle for viruses and bacteria. The statement released today does not expressly speak of coronavirus: it speaks in more generic terms of the need to "respond to the needs of consumers, increasingly digital, in search of a simple, quick and secure payment".
Many European countries have carried out similar initiatives – even if they started from much higher thresholds; in the Netherlands, for example, the PIN threshold was already € 50 before, now it has gone to € 100. In parallel, Italy also tries to reduce the use of cash: from 1 July the POS is mandatory for all professionals and merchants, and cash transactions are limited to € 2,000 (previously there were 3,000, although there was a period, a few years ago, in which it had fallen to 1,000).
The smallest TOP of the range from Apple? Apple iPhone SE is on offer today on at 349 euros or from Media World at 479 euros.