Contactless payments in the UK have had a limit of £20 for some time, this also applies to payment systems like Apple Pay, although this has now been increased to £30 in the UK.
Payment terminals in the UK are now being updated to accept the new limit of £30 for contactless payments.
Graham Peacop, Chief Executive Officer of The UK Cards Association, said:
“Contactless payments are fast, easy and secure. With more contactless cards in wallets than ever before and a growing number of retailers accepting contactless payments, we have seen a huge rise in the number of payments being made.
“The growth in contactless payments shows people want to use contactless cards and increasing the limit gives customers even more opportunities to pay in this way.”
Paying with contactless cards is safe, using the same robust industry-standard secure encryption technology as Chip and PIN. For added protection, from time to time consumers will be asked to enter their PIN to verify they are the genuine card holder.
Fraud on contactless cards is extremely low, at less than one penny for every hundred pounds spent.
The average supermarket spend of £25 now falls below the contactless limit, giving shoppers more choice about the way they can pay for their goods. The average card spend in pubs, cinemas, dry cleaners, pet shops and gift shops also falls under the new £30 limit.
You can find out more details about the changes to the contactless payment limits in the UK at the link below.
Source UK Cards AssociationFiled Under: Technology News