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News

Mastercard increases contactless payments limit across Canada

Friday 3 April 2020 09:49 CET | News

Mastercard has announced it is enabling the increase of contactless payment limits across Canada, as people look for safer ways to pay during the COVID-19 pandemic. 

The move follows similar announcements made by Mastercard recently to champion contactless limit raises around the world. This is due to the fact that health officials recommend social distancing and a growing number of merchants encourage consumers to pay with contactless to minimise interaction.

Mastercard is currently working with industry partners in Canada to make it easier to accept contactless payment up to CAD 250. Once implemented by partners, this means that cardholders will be able to purchase more of what they need with the security, speed, and touch-free experience of contactless payments at more merchants across Canada. Also, the company is reminding merchants that signatures are not required on a receipt or electronic POS device for contactless payments, which gives consumers comfort, safety, and speed at checkout.

More: Link


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Keywords: MasterCard, contactless payments, Canada, coronavirus, cardholders, electronic POS, signatures, merchants, safety, checkout
Categories: Payments & Commerce
Companies:
Countries: Canada
This article is part of category

Payments & Commerce

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