Big Issue sellers to accept contactless through iZettle

September 11, 2019 | Financial Inclusion
Written by FinTech Alliance
Big Issue sellers to accept contactless through iZettle

Sellers of the Big Issue, a magazine sold to help those in poverty gain an income, will soon accept contactless payments.

In Brief:

  • This follows a trial across five cities in which 80% of sales became cashless.

  • It’s hoped the move will increase sales with less people carrying cash.

  • iZettle is offering its card readers to Big Issue vendors for £9 and operating a lower than usual transaction fee.

What does this mean?

The move could increase financial inclusion in the UK, with a key issue for homeless people hoping to get back on their feet being the lack of a bank account.  

Read more here. 

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