Barclays increases contactless payment limit
by Gill Montia
Story link: Barclays increases contactless payment limit
Barclays has announced that its maximum limit for contactless card transactions in the UK has increased from £10 to £15.
The bank began rolling-out contactless payment technology in the UK in 2007, allowing customers to settle small transactions by holding their card over a “reader”, without the need to enter a PIN or insert the card into a terminal.
Since the launch, over two million contactless-enabled Barclays VISA debit cards and four million contactless Barclaycard credit cards have been issued.
Commenting on the latest move, the group’s head of debit cards, Brian Cunnington, says: “Contactless technology is undoubtedly the future of payments and we are seeing it grow hugely in popularity … it is the right time for the industry limit to increase to £15, in line with demand from consumers and retailers alike.”