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Transaction limit


What's New in Payments

India increases contactless limit by 150%

By Tom Phillips • 8 December 2020 • Updated 8 December 2020 • nfcw.com
Reserve Bank of India seal

The Reserve Bank of India (RBI) is to raise the limit for contactless card transactions from Rs2,000 (US$27) to Rs5,000 ($67.67) from 1 January 2021, an increase of 150%... More


What's New in Payments

SBI Card integrates NFC payments into mobile app

By Tom Phillips • 1 December 2020 • Updated 10 August 2022 • nfcw.com
SBI Card logo

SBI Card Mastercard holders in India can now make NFC payments at any contactless point-of-sale terminal from their mobile device after registering their credit card on the latest version of the payment service’s app... More


What's New in Payments

OP Financial to pilot biometric payment card in Finland

By Tom Phillips • 23 November 2020 • Updated 23 November 2020 • nfcw.com
OP Financial logo

Finland’s OP Financial Group is to pilot a biometric payment card that will allow users to authenticate payments over the contactless transaction limit with their fingerprint rather than with a PIN... More


What's New in Payments

Nordic countries record surge in contactless payments during pandemic

By Tom Phillips • 20 November 2020 • Updated 20 November 2020 • nfcw.com
Nets Nordic graph showing contactless adoption in the region

The proportion of in-store purchases made using contactless cards in the Nordic countries has risen from 57% in January this year to 75% in late October, an increase “in part driven by concerns around the potential spread of Covid-19,” regional payments processor Nets reports... More


What's New in Payments

Visa: Consumers have made an extra 500m touch-free payments in Europe since contactless limits were increased

By Tom Phillips • 26 October 2020 • Updated 26 October 2020 • nfcw.com
Contactless Visa card used at POS

Visa has processed 500m additional PIN-less, touch-free transactions since contactless payment limits were increased in 29 countries across Europe in response to the Covid-19 pandemic, the card network reports... More


What's New in Payments

Azerbaijan doubles contactless transactions limit

By Tom Phillips • 25 August 2020 • Updated 25 August 2020 • nfcw.com
Central Bank of Azerbaijan logo

The Central Bank of Azerbaijan has raised the limit for all contactless card transactions and contactless ATM withdrawals in the country from 50 manats (US$29.40) to 100 manats (US$58.80)... More


What's New in Payments

One in three consumers favour a further increase in UK contactless transaction limit

By Tom Phillips • 20 August 2020 • Updated 20 August 2020 • nfcw.com
Barclaycard raises contactless transaction limit

One in three UK consumers (32%) are in favour of further raising the country’s current contactless spending limit from £45 (US$59), according to a YouGov survey... More


What's New in Payments

Morocco boosts contactless transaction limit by 100%

By Mike Clark • 28 May 2020 • nfcw.com

Morocco’s bank-owned payment acquirer, Centre Monétique Interbancaire (CMI), has raised the contactless transaction limit in the country from 200 to 400 dirhams (US$40) in response to the coronavirus crisis... More


What's New in Payments

Israel to increase contactless payments limit by 50%

By Sarah Clark • 14 May 2020 • nfcw.com
Bank of Israel logo

The contactless payment limit is to be increased from ILS 200 (US$56.35) to ILS 300 (US$84.52) “by the end of 2020”, the Bank of Israel has announced, “in order to improve dealing with the coronavirus pandemic”... More


What's New in Payments

Contactless payments growth rate doubles in Nordic countries

By Sarah Clark • 6 May 2020 • Updated 17 April 2023 • nfcw.com
Logo of Nets Nordic payment processpr for Denmark, Norway, Sweden and Finland

The contactless payments growth rate in the Nordic region has doubled during the first four months of this year, regional payments processor Nets reports, “as social distancing steers Nordic consumers away from chip and PIN”... More


What's New in Payments

Belgian consumers double their use of contactless payments

By Sarah Clark • 1 May 2020 • Updated 1 May 2020 • nfcw.com

Coronavirus has a major impact on our payment behaviour — Febelfin (translation) — “Since the limits increased, more than one in four card payments are handled contactlessly. 29% of card payments were made via contactless in April. This represents a doubling compared to February of this year (16%).”


What's New in Payments

Visa reports on impact of Covid-19 on contactless payment adoption

By Sarah Clark • 1 May 2020 • nfcw.com
Visa

“While the full impact of Covid-19 on tap to pay adoption across the world is yet to be fully seen, early indications highlight a shift in consumer spend toward every day, essential segments where contactless usage is high, such as grocery and pharmacy,” Visa says... More


What's New in Payments

Central banks increase contactless transaction limit in UAE, Bahrain and Kuwait

By Sarah Clark • 29 April 2020 • nfcw.com

Central banks in the UAE, Bahrain and Kuwait have all increased the contactless transaction limits in their country, in a bid to combat the spread of Covid-19... More


What's New in Payments

Barclaycard reports on impact of contactless transaction limit increase

By Sarah Clark • 28 April 2020 • nfcw.com
Barclaycard app

The increase in the UK contactless transaction limit from £30 (US$37.50) to £45 (US$56.25) has resulted in 43% of in-store transactions valued at between £30 and £45 now being made via contactless payments, Barclaycard reports... More


What's New in Payments

France to raise contactless transaction limit to €50

By Sarah Clark • 20 April 2020 • Updated 14 March 2023 • nfcw.com
Federation Bancaire Francaise logo

The contactless transaction limit in France will be increased from €30 to €50 from 11 May, the date set by the French government for the country’s strict coronavirus lockdown to begin to be lifted... More


What's New in Payments

New Zealand raises contactless limit by 150%

By Sarah Clark • 14 April 2020 • nfcw.com
PaymentsNZ logo

New Zealand is to progressively roll out a temporary increase in the country’s contactless transaction limit “over the coming days and weeks” — but customers of two banks will miss out “due to technology constraints” unless they order a new card or make use of mobile payments... More


What's New in Payments

Switzerland and Liechtenstein double contactless payments limit

By Sarah Clark • 14 April 2020 • nfcw.com
PostFinance Swiss Post logo

The contactless transaction limit in Switzerland and Liechtenstein is to be temporarily increased from 40 francs (US$41.60) to 80 francs (US$83.21) “in order to protect customers”... More


What's New in Payments

Kenya, Tanzania, Uganda and Mauritius to increase contactless transaction limit

By Sarah Clark • 7 April 2020 • Updated 7 April 2020 • nfcw.com
Mastercard contactless card and terminal

Contactless transaction limits are being increased in Kenya, Tanzania, Uganda and Mauritius, Mastercard has announced... More


What's New in Payments

Belgium increases contactless transaction limit to €50

By Sarah Clark • 7 April 2020 • Updated 7 April 2020 • nfcw.com
Belgian financial services federation Febelfin logo

Belgium is to increase the contactless transaction limit from €25 ($US27.07) to €50 ($US54.54) from 14 April, “to curb the spread of the coronavirus.”... More


What's New in Payments

Canada increases contactless transaction limit by 150%

By Sarah Clark • 3 April 2020 • Updated 3 April 2020 • nfcw.com
Maple leaf

Visa and Mastercard are increasing the contactless payment limit in Canada by 150%, from C$100 (US$70) to C$250 (US$176)... More


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