Britain Raises Contactless Limit As COVID Accelerates Electronic Payments

Britain is more than doubling to £100 ($139.75) the limit on contactless payments made with debit or credit cards, the finance ministry said on Wednesday, as COVID-19 accelerates a shift to electronic payments from cash.

The finance ministry said that while legally in force from Wednesday, the changes to limits from the current ceiling of £45 will not happen in practice immediately, as firms will need to make the necessary systems changes.

ESM