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UK Treasury

Five news stories.


What's New in Payments

UK to increase contactless transaction limit to £100 from October

By Sarah Clark • 27 August 2021 • Updated 27 August 2021 • nfcw.com
UK Chancellor of the Exchequer Rishi Sunak

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


What's New in Payments

UK to raise contactless transaction limit to £100 on 5 August?

By Tom Phillips • 1 July 2021 • Updated 1 July 2021 • nfcw.com

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


What's New in Payments

UK Treasury and Bank of England launch CBDC taskforce to explore digital currency options

By Tom Phillips • 20 April 2021 • Updated 20 April 2021 • nfcw.com
Bank of England CBDC graphic

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


What's New in Payments

Stats show regional variations in UK adoption of contactless and mobile payments during pandemic

By Tom Phillips • 19 April 2021 • Updated 19 April 2021 • nfcw.com
Stats graph from Dojo showing big contrast in UK adoption of 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


What's New in Payments

UK to more than double contactless spending limit to £100

By Tom Phillips • 3 March 2021 • Updated 3 March 2021 • nfcw.com
Rishi Sunak announces rise in contactless transaction limit

The UK is to increase the limit for contactless transactions from £45 (US$63) to £100 (US$140), the UK Treasury has announced... More


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