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
India increases contactless limit by 150%
Transaction limit
SBI Card integrates NFC payments into mobile app
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
OP Financial to pilot biometric payment card in Finland
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
Nordic countries record surge in contactless payments during pandemic
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
Visa: Consumers have made an extra 500m touch-free payments in Europe since contactless limits were increased
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
Azerbaijan doubles contactless transactions limit
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
One in three consumers favour a further increase in UK 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
Morocco boosts contactless transaction limit by 100%
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
Israel to increase contactless payments limit by 50%
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
Contactless payments growth rate doubles in Nordic countries
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
Belgian consumers double their use of contactless payments
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%).”
Visa reports on impact of Covid-19 on contactless payment adoption
“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
Central banks increase contactless transaction limit in UAE, Bahrain and Kuwait
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
Barclaycard reports on impact of contactless transaction limit increase
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
France to raise contactless transaction limit to €50
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
New Zealand raises contactless limit by 150%
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
Switzerland and Liechtenstein double contactless payments limit
The contactless transaction limit in Switzerland and Liechtenstein is to be temporarily increased from 40 francs (US$41.60) to 80 francs (US$83.21) “in order to protect customers”... More
Kenya, Tanzania, Uganda and Mauritius to increase contactless transaction limit
Contactless transaction limits are being increased in Kenya, Tanzania, Uganda and Mauritius, Mastercard has announced... More
Belgium increases contactless transaction limit to €50
Belgium is to increase the contactless transaction limit from €25 ($US27.07) to €50 ($US54.54) from 14 April, “to curb the spread of the coronavirus.”... More
Canada increases contactless transaction limit by 150%
Visa and Mastercard are increasing the contactless payment limit in Canada by 150%, from C$100 (US$70) to C$250 (US$176)... More
