The limit on contactless spends is increasing to £100.
Shoppers will be able to pay for goods up to this value from 15th October, as the limit increases from the current £45. It’s the second increase in two years.
For many this may be good news, with more flexibility to pay for food shopping or filling up a tank of fuel. For others though, the plans are controversial with a perception that it may open up to fraud, especially if cards are lost.
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