News
Contactless card limit rises to £30
The limit was previously £20.
Contactless spending has risen from £287m a month in January 2015 to £567m in June 2015, according to the The UK Cards Association.
In total, £2.5bn was spent on contactless cards and devices in the first half of 2015, compared to £2.32bn for the whole of 2014.
Graham Peacop, chief executive officer of The UK Cards Association, said:
“The growth in contactless payments shows people want to use contactless cards and increasing the limit gives customers even more opportunities to pay in this way.”
The UK Cards Association said the average supermarket spend of £25 now falls below the contactless limit, giving shoppers more choice about the way they can pay for their goods. The average card spend in pubs, cinemas, dry cleaners, pet shops and gift shops also falls under the new £30 limit.
There are more than 69 million contactless payment cards in circulation and more than 9.3 million contactless payment cards were issued to consumers between January and June 2015.
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