Limit for contactless spending in the UK to rise to GBP 45

Wednesday 25 March 2020 14:15 CET | News

The UK Finance industry association has announced it will raise the spending limit for contactless card payments from GBP 30 to GBP 45 in April 2020.

The announcement comes as retailers cut the need for physical contact in shops amid the coronavirus epidemic. However, they declared that it may take some time for the new limit to come into force across the UK – according to Reuters

Mobile phone users can already make contactless payments above GBP 30 if the retailer accepts, by holding their phone over the reader and entering their normal card PIN on their phone. 

The British Retail Consortium said the increase to GBP 45 would reduce the need for physical contact with PIN entry devices at the POS. In recent news, other countries have also announced increases to minimise the handling of cash.

More: Link

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Keywords: UK, contactless payments, cards, POS, UK Finance, retailers
Categories: Payments & Commerce
Countries: United Kingdom
This article is part of category

Payments & Commerce