When contactless card payments were introduced in 2007, the transaction limit was set at £10. The limit was raised gradually, ...

Watchdog says banks will be able to respond to changing consumer demands, inflation and new technology ...

Banks and card providers will be given the power to set a maximum - or unlimited - single payment amount for contactless payments.

The current rules mean people can make payments of up to £100 per transaction when using physical contactless cards.

As well as a £100 limit for a single contactless card transaction, there is also a cumulative total of £300 in contactless ...

Spontaneous spending is likely to rise if the limit on contactless cards is increased or scrapped entirely, academics say. At present, the need to press a four-digit PIN for purchases over £100 gives ...

Barclays has issued a significant update to its contactless card technology following an impressive rise in usage. A report from the bank reveals that contactless transactions accounted for a record ...

BASINGSTOKE, England--(BUSINESS WIRE)--New data from Juniper Research forecasts that global contactless transaction values will reach nearly $6 trillion in 2024, up from $2 trillion in 2020. It found ...

The shake-up was among dozens of proposals suggested by the financial regulator in a letter to the Prime Minister after the ...