UK: spending limit for contactless cards to go up from GBP 20 to GBP 30

Wednesday 26 August 2015 13:33 CET | News

Shoppers in the UK will be able to spend up to GBP 30 using their contactless credit or debit cards starting with September 1, 2015.

Paying for goods using a contactless card doesn’t require customers to enter a PIN — they just tap the card against the terminal at the till.

Currently, the most you can spend in a single transaction is GBP 20. But from September 1, the limit will increase to GBP 30.

However, it may take a while for the hundreds of thousands of payment terminals in stores across the UK to be updated, so, in some instances, after September 1 customers may still need to use their PIN to pay.

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Keywords: UK, spending limit, contactless, cards, GBP 20, GBP 30, debit cards, credit, PIN
Categories: Payments & Commerce | Cards
Countries: World
This article is part of category

Payments & Commerce