When contactless was initially launched in the UK 14 years ago the limit was set at £10. This has gradually increased, in part due to the pandemic with the use of contactless payments becoming the preferred option as businesses and customers became less comfortable with cash for sanitary reasons.
Our head of product marketing, Peter Alcock, discusses the most recent contactless limit increase in the UK and why this may drive consumers to swap contactless cards for mobile payments moving forward. Learn more about the future cashless society in Finextra.
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