£100 contactless card limit to be lifted
NeutralWorld Affairs
- Card providers are now permitted to decide whether to lift the £100 limit on contactless card payments, allowing for potentially unlimited transactions. This change marks a significant shift in payment processing capabilities, reflecting evolving consumer preferences for convenience in financial transactions.
- The ability to offer unlimited contactless payments could enhance customer satisfaction and streamline transactions for businesses, potentially leading to increased sales. This development may also prompt competition among card providers to innovate and attract more users with enhanced payment options.
— via World Pulse Now AI Editorial System