Contactless payments in the UK have had a limited payment amount of £20, a limit which also applies to mobile payment systems like Apple Pay, today this has been increased to £30 in the UK.
From today payment terminals across the UK are being updated to accept this new £30 limit for contactless payments.
Graham Peacop, Chief Executive Officer of The UK Cards Association, explained more:
“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.”
With contactless cards users can take advantage of the same industry-standard secure encryption technology as Chip and PIN, and for added protection users will be asked to enter their PIN in order to verify themselves as the genuine card holder.
The increase now means that the contactless payment now meets to average £25 supermarket speed, and the £30 average speed at other stores like gift shops, pubs, cinemas, dry cleaners, pet shops and more.
You can find out more at the source link below.
Source UK Cards Association