Episode Details
Back to EpisodesBanks Keep £100 Contactless Limit Despite Regulator Lift
Published 2 weeks, 3 days ago
Description
Despite regulatory changes, major UK banks maintain the £100 contactless card payment limit, citing low consumer demand and technological challenges. Contactless taps account for majority of transactions, with average spending at £17.80. Banks can raise limits, but fraud concerns may lead to additional security measures.
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