Contactless payment limit increased to £15 - Credit cards - News - Moneyfacts


Contactless payment limit increased to £15

Contactless payment limit increased to £15

Category: Credit cards

Updated: 02/03/2010
First Published: 02/03/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
The maximum contactless card transaction in the UK has been increased from £10 to £15.

There are currently more than two million contactless Barclays VISA debit cards and four million contactless Barclaycard credit cards in circulation in the UK.

First introduced in 2007, they allow customers to make small transactions by holding their cards over a special reader, of which there are currently 20,000 in various stores across the UK.

Consumers have seen the way they are able to pay for goods change markedly over the last decade, with a signature superseded by chip and PIN technology, and now the emergence of contactless methods.

In addition, the age old method of the cheque is being phased out.

More retailers are expected to implement the technology as a result of the increased limit.

The cards retain their function as a normal debit or credit card and periodically prompt the customer to confirm their PIN to verify their identity.

Brian Cunnington, head of debit cards for Barclays, said the decision to raise the maximum contactless payment was made in line with feedback from consumers and retailers.

"Contactless technology is undoubtedly the future of payments and we are seeing it grow hugely in popularity," he added.

What do you think of contactless payments? Discuss this topic and more on the forum.

Find the best credit card for you - compare credit cards

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Reward credit cards that become ‘pointless’

If you regularly use cards to pay at the till, you may have considered opening a reward credit card to earn points every time you spend. However, not all of these cards are as rewarding as they may seem…

It’s looking to be a credit Christmas

We are now less than 70 days away from Christmas, and with 70% of people admitting they haven’t started saving yet, millions will be needing to play catch-up - and plenty planning to turn to credit for some Christmas spending relief.

Can no credit score be as damaging as a bad one?

Debt is becoming an increasing problem, which is why those who have no credit commitments often feel pretty smug about it. However, while not relying on credit is admirable, having no credit score can actually be just as damaging as having a bad one.