Contactless Card Transactions

Source – WorldPay

From 15 October 2021, the UK payments industry will begin enabling an increase in the limits for contactless card transactions to £100 for each individual payment and to £300 cumulative spend. This follows changes to regulations by the Financial Conduct Authority earlier this year to increase the maximum limits and the expectation from government that the increased limits would be implemented by the end of 2021.

If a cardholder exceeds either of these limits, they’ll be asked to make the transaction by Chip and PIN, in the same way they do now for the £45 individual limit and £130 cumulative limit.

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