Contactless Payment Limit Could Be Raised to £100

The Financial Conduct Authority (FCA) has asked the UK Treasury to consider increasing the maximum contactless payment to £100. Changing Payment Behaviour The move away from handling cash due to its potential infection-passing risk, and the lockdowns making consumers less likely to visit ATMs or town centres have led to a move away from cash towards contactless.  Figures For example, the total value of contactless payments in 2020 increased by 7 per cent compared with 2019 and there was a 2...