UK to raise spending limit for contactless card payments due to COVID-19

https://www.mobilepaymentstoday.com/news/uk-to-raise-spending-limit-for-contactless-card-payments-due-to-covid-19/
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The spending limit for contactless card payments will rise in the U.K. from £30 ($35.91) to £45 ($53.87), with national roll-out on April 1, according to UK Finance, a banking and finance collective organization. The decision follows that of other European nations this week and is part of the banking industry’s response to the COVID-19 outbreak.

Consumers who spend more than £45 ($53.87) can pay with chip and PIN, cash and mobile payments which have no limit when authenticated by biometric technologies.

For the latest updates on how the coronavirus pandemic is affecting the kiosk industry, click here.


Topics: Mobile Banking, Mobile Payments, Region: EMEA, Regulatory Issues


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https://www.mobilepaymentstoday.com/news/uk-to-raise-spending-limit-for-contactless-card-payments-due-to-covid-19/