The UK’s contactless payment limits are to be increased to £30 this September, the UK Cards Association has announced.
Marking a 50 per cent rise in payment limits, the maximum charge per individual transaction is increasing from the current £20 cap.
When contactless technologies were first introduced in 2007, payments were limited to just £10.
While smartphone-based NFC payments remain in their infancy, contactless cards have risen to prominence in the past 12 months.
One major driving factor in contactless adoption has been the use of technology on leading transport hubs such as the London Underground.
Related: What is NFC?
“Contactless has now firmly stepped into the mainstream,” Richard Koch, head of policy at the UK Cards Association, said.
“With usage soaring every month last year, we’ve seen people flocking to contactless payments as they switch away from cash.”
Somewhat unsurprisingly, London was the most popular location for contactless payments, with 30 per cent of all sub £20 transactions made in the capital using the technology.
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Editorial independence means being able to give an unbiased verdict about a product or company, with the avoidance of conflicts of interest. To ensure this is possible, every member of the editorial staff follows a clear code of conduct.
Professional conduct
We also expect our journalists to follow clear ethical standards in their work. Our staff members must strive for honesty and accuracy in everything they do. We follow the IPSO Editors’ code of practice to underpin these standards.
