UK contactless payment limit drops to £ 100 from October 15
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(Pocket-lint) – The spending limit for UK contactless payments increases on October 15, 2021, it has been confirmed.
You will be able to spend up to £ 100 when using contactless payment systems at the affected stores. We previously knew the increase, but not the date.
British Chancellor Rishi Sunak initially announced the plans as part of the March 2021 budget: “As we start to open up the UK economy and people return to Main Street, increasing the contactless limit will allow people to pay more. easily than ever for their shopping, providing a welcome boost to retail that will protect jobs and spur growth, ”he said (as reported by the BBC at the time).
Trusted financial reporter Simon Read posted the confirmed date on his Twitter feed.
The contactless spending limit will drop from £ 45 to £ 100 as of October 15, 2021. The latest limit increase was from £ 30 to £ 45 in April 2020.
– simon read (@simonnread) August 27, 2021
A previous increase in contactless limits was applied in 2020 due to the ongoing pandemic. This allowed shoppers to spend up to £ 45 (up from an old limit of £ 30) to encourage the use of contactless cards and reduce the risk of contactless transmission of the virus.
Some payment methods, such as Apple Pay and Google Pay on mobile devices and smartwatches, have no limits when protected by biometric security technologies.
However, some retailers may impose their own spending limits even when using these devices. The same will be true for the new £ 100 limit on cards, as stores can use their own discretion.
Written by Rik Henderson. Originally published on .