The spending limit for contactless payments in the UK is rising on 15 October 2021, it has been confirmed.
You will be able to spend up to £100 when using contactless payment systems in supporting stores. We previously knew about the rise, but not the date.
UK chancellor Rishi Sunak originally announced the plans as part of the March 2021 budget: "As we begin to open the UK economy and people return to the high street, the contactless limit increase will make it easier than ever before for people to pay for their shopping, providing a welcome boost to retail that will protect jobs and drive 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 climb from £45 to £100 from 15 October 2021. The last increase in the limit was from £30 to £45 in April 2020.
â€" simon read (@simonnread) August 27, 2021
A previous raise in contactless limits was enforced in 2020 due to the ongoing pandemic. That allowed shoppers to spend up to £45 (from a former limit of £30) to encourage the use of contactless cards and reduce the risk of contact transmission of the virus.
Some methods of payment, such as Apple Pay and Google Pay on mobile devices and smartwatches, have no limits when protected through biometric security technologies.
However, some retailers may impose their own limits on spending, even when using those devices. The same will be true of the new £100 limit on cards, as stores can use their own discretion.
Source : https://www.pocket-lint.com/apps/news/151557-uk-contactless-payment-limit-increasing-from-1-april
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