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 ...

The Financial Conduct Authority (FCA) has announced that the UK’s £100 contactless card limit is set to be lifted ...

Speaking about the benefits for shoppers, Mr Jones said: "For consumers, the real win is not higher limits, but greater control. Being able to set personal thresholds, switch contactless on or off ...

Banks soon will be able to set their own contactless card limits in an overhaul which will mean major changes for customers when making a payment. Under new plans announced by the financial regulator, ...

A significant alteration that could affect shoppers in supermarkets and other retail outlets across the UK has been scheduled ...

The UK has reportedly reached 150 million contactless cards issued, according to an update from UK Finance. UK Finance’s Card Spending Update for March 2024 shows “that contactless cards now account ...

Banks and payment providers will be able to set their own contactless payment limits from March 2026, with the current £100 ...

Barclaycard plans to issue contactless corporate cards to all of its United Kingdom-based customers beginning this month in what appears to be the first example of broad contactless commercial card ...

MBNA Europe Bank Ltd. will be issuing some 5 million contactless credit cards to its customers in the United Kingdom as part of a two-year initiative the Bank of America Corp. subsidiary announced on ...

Contactless payments accounted 88.6% of total card payments in 2020 as restrictions on contact-based payments drove people to the payment method, according to data from Barclaycard. Despite many shops ...

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 ...