UK customers will now be able to spend up to £100 using contactless card payments from 15 October.
The body representing banks, UK Finance confirmed the news today, stating that some terminals would need to be updated, and it will take “some time” for the £100 limit to be available at all check outs.
The limit was previously raised from £30 to £45 just last April at the start of the Covid-19 pandemic.
In March’s Budget, chancellor Rishi Sunak announced the limit would more than double later this year.
UK finance chief executive, David Postings said: “The increase in the limit to £100 will allow people to pay for higher value transactions like their weekly shop or filling up their car with fuel.”
Customers using Apple Pay or Google Pay can already make contactless payments larger than £45 as neither provider has a current limit.
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