Contactless Payment Limit to Rise to £100 in the United Kingdom

This week, contactless payment limits are set to increase to £100 in the United Kingdom. This increase was announced by chancellor Rishi Sunak, in his budget speech to the Commons, earlier this year. 

The contactless spend limit was increased from £30 to £45 at the start of 2021. Now, HM Treasury and the Financial Conduct Authority have confirmed that this will rise again to £100 this Friday. 

In his speech to the Commons, Rishi Sunak put the increase down to boosting retail after the global pandemic. 

He said: "As we begin to open the UK economy and people return to the high street, the contactless limit increase will make it easier than ever before for people to pay for their shopping, providing a welcome boost to retail that will protect jobs and drive growth across the capital."

Contactless payments were first introduced to the UK in 2017, with a spend cap of £30. 

Shoppers will now be able to use contactless cards and digital wallets to pay for their goods for purchases of up to £100.