THE contactless card payment limit will increase from £30 to £45 as part of measures to combat coronavirus.
It will reduce cash transactions and the need for physical contact with devices requiring a PIN, said the British Retail Consortium.
The policy echoes a similar rise in Europe and comes after talks with retailers, said UK Finance, which represents the payments industry.
The new limit will be introduced on April 1, but may take longer to roll out at retailers currently operating at peak capacity, warned BRC head of payments policy, Andrew Cregan.
‘The last contactless limit increase took two years to implement but, given the extraordinary circumstances we face today, this new limit will be rolled out from next week,’ he added.
Stephen Jones, of UK Finance, said the rise would ‘cut checkout queues’ and ‘support customers impacted by Covid-19 by ensuring they can pay in a way that suits them’. Last year, £80.5billion was spent on tap-and-go cards — up 16 per cent year-on-year.