Contactless may rise to £100

The Financial Conduct Authority (FCA) is considering raising the amount for a single contactless payment transactions to £100.

A ruling is to be made shortly as officials debate whether to increase from the current £45, only one year after it was increased from £30.

The pandemic has certainly made people use contactless much more, with the use of cashline ATMs down by a whopping -60% in some parts of the country in the last year alone.

Have your say. Do you agree with raising contactless to £100? Do you use ATMs the same or less over the last year? Is a cashless society getting closer?


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