The in-store contactless payment limit, which was earlier set to Euro 30 will be raised to Euro 45 from the coming week.
From April 1st onwards, some shops will allow customers to spend a maximum of Euro 45 via a tap of the contactless card.
This facility is expected to roll throughout the United Kingdom; however, some shops, especially supermarket may require a longer time to implement the new limits as they are working at their peak capability.
Moreover, a lot of companies have begun to only accept contactless payment from the purchasers. This step is taken to mitigate the physical contact by the shoppers that included entering their pin on the machines.
The change was confirmed by the British Retail Consortium (BRC).point 340 |
The head of payments policy for the institution, Andrew Cregan revealed that the earlier contactless limit of Euro 30 took a minimum of two years to come into full force; however considering the circumstances that the country is going through, the increased limit of Euro 45 will be launched from the next week itself.point 267 | 1
He also added that the shops that are working under extreme pressure right now are going to take more time to implement the changes.
Until then customers can use other modes of contactless payments through their smartphones.
The form of contactless payment was first introduced in the year 2007 and initially, customers were only allowed to pay the payment worth of Euro 10 per transaction.
In 2015, the limit was raised to Euro 30 and in the coming week, it will go up to Euro 45. Many retailers have closed down their shops for a short period of time due to the coronavirus outbreak; however, they are operating via online medium.
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