What is the primary purpose of creating high and low value payments?

The primary purpose of creating high and low value payments is to provide consumers with greater payment options. This differentiation allows consumers to choose a payment method that best suits their transaction needs based on the amount being transacted. For example, high value payments often cater to large transactions that may require more secure and expedited methods, while low value payments are geared towards everyday, smaller purchases, supporting various methods like debit cards, mobile payments, or contactless transactions.

By having this tiered structure, payment systems can accommodate a wider range of consumer preferences and behaviors, making commerce more accessible and efficient. This range enables consumers to select the most suitable method based on factors like convenience, security, speed, and cost-effectiveness, ultimately enhancing their overall payment experience.