Major contactless card payment change set to come into force next week – Liverpool Echo

The limit on how much you can spend on a contactless card is set to rise next week.

The government announced plans to increase the limits earlier this year, however banks had not yet decided when this would come into force.

But UK Finance has now confirmed shoppers will be able to pay up to £100 using contactless cards from October 15 – as The Daily Record reports.

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Chief executive of trade body UK Finance, David Postings, said: “Contactless payment has proved very popular with consumers and an increasing number of transactions are being made using contactless technology.”

“The increase in the limit to £100 will allow people to pay for higher value transactions like their weekly shop or filling up their car with fuel.

“The payments industry has worked hard to put in place the infrastructure to enable retailers to update their payments systems so they can start to offer their customers this new higher limit.”

The rise is the second time in less than two years and Chancellor Rishi Sunak has spoken about how it will make it even more convenient for shoppers.

He said: “Increasing the contactless limit will make it easier than ever to pay safely and securely, whether that’s at the local shops, or your favourite pub and restaurant.

“As people get back to the high street, millions of payments will made be simpler, providing a welcome boost for retailers and shoppers.”

A new poll on on the increased limit found that half of Britons (50%) support the increase of contactless payment limits to £100 from £45, with nearly a fifth of this group strongly supporting the increase (17%). However, while there is strong support, there is still more than two fifths of the public who oppose the increase (42%).

Levels of opposition are fairly similar across the age groups (39-45%), however levels of support for the increase range further (46-54%). 18 to 24 year olds are the least supportive while over 65s are the most.

When contactless cards were first introduced in 2007, payments were capped at £10.

This rose to £15 in 2010, £20 in 2012, £30 in 2015 and £45 in April last year in the early days of the Coronavirus pandemic.

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