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UK Proposes Unlimited Contactless Card Payments
Financial MarketsContactless PaymentsUpdated a day ago

UK Proposes Unlimited Contactless Card Payments

The UK's Financial Conduct Authority is considering a proposal that would allow contactless card payments to exceed £100 or become unlimited. This initiative aims to enhance convenience for consumers by enabling card providers to set their own transaction limits, potentially leading to a more flexible payment system.

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Contactless card payments could become unlimited
PositiveFinancial Markets
Card providers may soon set their own limits for contactless payments, potentially allowing for unlimited transactions. This change is part of new regulatory plans.
UK contactless payments could go above £100 or become unlimited
PositiveFinancial Markets
The UK's Financial Conduct Authority has proposed allowing contactless payments to exceed £100, potentially making them unlimited. This change aims to enhance convenience for shoppers by enabling banks to set their own limits.

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