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On this episode of Talking Shop I’m joined by Alain Bejjani—former Group CEO of Middle East retail giant Majid Al Futtaim, and author of the definitive new book, NEXT: Leading Through the New Realities. Drawing on his childhood in war-torn Beirut, and his experience steering a $9.5bn dollar retail and lifestyle empire through a global pandemic, Alain brings an unmatched perspective on leadership under pressure. Today, we break down his crisis survival playbook for retailers operating in distress. We discuss why resilience must always outpace efficiency, the four assets a brand must protect at all costs, and how to turn macro-turmoil into a long-term direction that scales.

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Barclaycard has announced it will be rolling out the deployment of a new £45 contactless limit across UK retailers from 1 April 2020.

The payments provider, which enables almost half of the UK’s credit and debit card transactions, said that the increased threshold would “help to prevent” the spread of coronavirus

By adjusting the contactless limit from £30 to £45, customers will be able to make a higher proportion of payments without touching card terminals or handling cash.

Deployment of the rise will first be rolled out amongst retailers in key sectors, including supermarkets, bakeries, pharmacies and petrol service stations. 

The group said that the limit would be extended to other retailers “in due course”.

Barclaycard currently provides the technology to power over 150,000 terminals across the UK retail sector. It last raised the contactless threshold back in 2015, when the spending limit increased from £20 to £30. 

It deployed the UK’s first contactless payments card in 2007, and later oversaw the roll out of ‘touch and go’ payments across the Transport for London Network.

CEO of Barclaycard Payments, Rob Cameron, said: “It’s more important than ever for merchants and their customers to be mindful of their collective health and safety. 

“We are proud to be taking a leadership position in the UK by commencing the deployment of a higher contactless threshold.” 

He added: “By supporting the ability of customers to spend up to £45 via contactless, we are playing a part in helping UK consumers to pay safely and securely in these challenging times.”

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