The new £100 spending limit for contactless card payments will be rolled out in October, UK Finance has announced.
The decision to raise the contactless limit from £45 to £100 was made by HM Treasury and the Financial Conduct Authority (FCA) following a public consultation and in discussion with both the retail and banking sectors. It follows on from what has been judged to be successful increase in the limit from £30 to £45 in April 2020.
From 15 October,...
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