Going Contactless
On 15 October 2021 the UK raises its contactless limit to £100 from £45. It also raises the cumulative transaction limit to £300 before a PIN must be entered 1. An article by thefintechtimes.com, based on data from www.money.co.uk, put this change in context. This increase means the UK now has the highest contactless limit in Europe and the seventh highest in the world. Perhaps it is no surprise that four of the highest contactless limits are in Asia, but it is a surprise only one is in Europe. The article went on to suggest the top 15 countries leading the move to electronic payments.
Worldwide contactless limits
The 10 countries with the highest contactless payment limits in the world:
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