UK to increase contactless transaction limit to £100 from October
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
UK Treasury
UK to raise contactless transaction limit to £100 on 5 August?
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
UK Treasury and Bank of England launch CBDC taskforce to explore digital currency options
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
Stats show regional variations in UK adoption of contactless and mobile payments during pandemic
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
UK to more than double contactless spending limit to £100
The UK is to increase the limit for contactless transactions from £45 (US$63) to £100 (US$140), the UK Treasury has announced... More
