‘Guilt-free’ tap and pay cards fuel debt crisis: Contactless payments gives instant gratification because it doesn’t feel like spending real money

12 December 2016

 

Tap and pay plastic cards are removing the pain and guilt from over-spending on Christmas, threatening a ‘dangerous’ debt storm.

Research by experts at the London Business School say the process of taking real notes out of a purse or wallet acts as brake on spending.

 

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