Contactless limit increases to £45 from April 1
The spending limit for contactless card payments will be increased from £30 to £45, with a national roll-out beginning from April 1, 2020.
The decision to raise the limit was taken following consultation between the retail sector and the finance and payments industry and follows similar increases in several other European countries over the past week.
Visa, MasterCard and Amex have issued supporting mandates.
Although initially conceived to aid the current Covid-19 situation, this will represent a permanent change to the contactless limit.
Members who rent their terminals from Global Payments will have their terminal updated automatically. This will be done as part of the usual monthly update call that each terminal performs which are even spread throughout the month.
Global Payments customers who wish to update their own machines from April 1, 2020, can do so following these instructions.
Members who use their own equipment should contact their supplier for more details.
Jeff Moody, Bira’s Commercial Director said: “The transaction limit has at long last been increased to £45, a move Bira has fought for alongside others on the Payment Advisory Group.”