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Contactless Payment Limit To Rise To GBP30

  • The Drum, Monday, February 9, 2015 8:06 AM

Shoppers will be able to spend up to £30 when they pay using their contactless card as spending via the technology tripled to £2.32bn in 2014. The limit per transaction is to be increased from £20 from September, the UK Cards Association has announced. It means shoppers will be able to spend more on smaller-priced goods and at a faster rate due to not having to insert a debit or credit card and enter their pin. The move follows an upsurge in spending boosted by TfL’s decision to accept contactless payments.

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