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Since then, climbing back to the early January peak has proven slow going, with the latest quarter estimations showing it has recovered to just above the £300,000 mark.
The contactless uplift should increase people’s willingness to spend money, pushing up spending and putting the UK in a more secure financial position.
But it could also open consumers to a litany of potential dangers.
Chief among them is theft, as those taking advantage of a stolen card can now spend more of their victims’ money.
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