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01/09/2015
Contactless Card Payment Limit Increases To £30
The limit on contactless card payments has increased from £20 to £30, the UK Cards Association has announced.
Payment terminals are being updated to accept the new limit from today Tuesday, 1 September.
The move comes as figures reveal contactless spending rose from £287m in January to £567m in June.
In total, £2.5bn was spent on contactless cards and devices in the first half of 2015, compared to £2.32bn for the whole of 2014.
Graham Peacop, CEO 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."
(LM)
Payment terminals are being updated to accept the new limit from today Tuesday, 1 September.
The move comes as figures reveal contactless spending rose from £287m in January to £567m in June.
In total, £2.5bn was spent on contactless cards and devices in the first half of 2015, compared to £2.32bn for the whole of 2014.
Graham Peacop, CEO 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."
(LM)
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