The Bank of England and UK Treasury have launched a consultation on the design of the proposed digital pound and could roll out the central bank digital currency (CBDC) during the second half of the decade, according to bank and government officials... More
The UK will begin rolling out a new £100 (US$137) spending limit for contactless payments from 15 October 2021, UK Finance has announced... More
The planned increase in the UK’s contactless transaction limit from £45 to £100 announced by the UK Treasury in March could come into effect on 5 August, according to a Reddit user... More
The UK Treasury and the Bank of England have established a central bank digital currency (CBDC) taskforce to coordinate research into the benefits, risks and practicalities of introducing a digital pound... More
The number of payments made using Apple Pay and Google Pay increased by nearly 650% and the number of PIN-free contactless card transactions grew by more than 10% in certain regions of the UK, according to figures published by merchant payments provider Dojo... More
The UK is to increase the limit for contactless transactions from £45 (US$63) to £100 (US$140), the UK Treasury has announced... More