Watchdog says banks will be able to respond to changing consumer demands, inflation and new technology The limit on contactless spending with a credit or debit card will be scrapped in March 2026, and ...

When contactless card payments were introduced in 2007, the transaction limit was set at £10. The limit was raised gradually, to £15 in 2010, to £20 in 2012, then to £30 in 2015, before the Covid ...

Card issuers have been told they can decide whether to allow unlimited payments on contactless cards, a shift that could ...

After being introduced in 2007 starting at £10, the contactless card payment transaction limit has been raised over time to £15 in 2010, £20 in 2012, £30 in 2015, £45 in 2020, and £100 in October 2021 ...

This article is brought to you by our exclusive subscriber partnership with our sister title USA Today, and has been written by our American colleagues. It does not necessarily reflect the view of The ...

Contactless payment limits could be increased beyond £100 and even become unlimited under the latest Financial Conduct Authority (FCA) consultation. According to the finance regulator’s latest ...

Jodi Gardner is a board member of the Banking Ombudsman Service (BOS). This article is written in her academic capacity and does not reflect the views of BOS. Alexandra Andhov does not work for, ...

Consumers will be able to make contactless card payments over the current £100 limit, the regulator has confirmed. Banks and card providers will be allowed to offer customers the chance to set their ...

The £100 cap on contactless card payments is to be lifted – under changes that will allow some shoppers to set their own limits. Under the plans, from the Financial Conduct Authority (FCA), banks and ...