Contactless payments limit rising from £45 to £100
As early as next week in some places
The limit for single use contactless payments will rise this year. | Photo: Adobe Stock
Single contactless card payments will rise from £45 to £100 this year, after the coronavirus pandemic prompted a further move away from cash.
Chancellor Rishi Sunak announced the move during his budget for 2021 on Wednesday afternoon in the House of Commons.
It is believed that the limit increase on a single payment with a contactless card will encourage shoppers to go cashless for public health reasons.
The £100 limit can be introduced as early as Wednesday, though businesses can choose to accept or reject it, and systems will have to be updated to incorporate it, so customers may not be able to use it right away.