Contactless Limit to increase to £100


The national roll-out of the new £100 spending limit for contactless card payments will begin from 15th October 2021, banking trade body UK Finance has confirmed. UK Finance represents the Banking and Finance Industries and manages the process for setting the industry contactless limit.

The decision to raise the contactless limit from £45 to £100 was made by HM Treasury and the Financial Conduct Authority (FCA) following a public consultation and discussions with both the retail and banking sectors. It follows the successful increase in the limit from £30 to £45 in April 2020.

From 15th October 2021, consumers will start to see retailers accepting contactless payments up to the new £100 limit, which will give customers more flexibility when shopping in store.

UK Finance has emphasised that the industry will continue to work closely with HM Treasury and regulators to ensure that customers can pay in a way that suits them. This includes by ensuring access to cash remains free and widely accessible for those that continue to need it. The significant reduction in the use of cash since the pandemic has been a source of concern, as there are sectors of the population who are reliant upon it.

David Postings, Chief Executive of UK Finance, said:

‘Contactless payment has proved very popular with consumers and an increasing number of transactions are being made using contactless technology.

‘The increase in the limit to £100 will allow people to pay for higher value transactions like their weekly shop or filling up their car with fuel. The payments industry has worked hard to put in place the infrastructure to enable retailers to update their payments systems so they can start to offer their customers this new higher limit.’


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