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Complete Story
03/31/2026
New FCA rules allow UK banks and payment providers to set contactless payment limits
Credit Strategy
Essential Takeaways
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Cap removed: The fixed £100 contactless card limit is being lifted for banks and payment providers with robust fraud controls.
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Mobile wallets unchanged: Payments via phones and smartwatches still verify you by Face ID, fingerprint or passcode, so they weren’t bound by the old £100 cap.
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Safety still central: Firms must have strong fraud controls to offer higher limits, so not every card will automatically support bigger contactless spends.
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Rollout varies: Retailers and banks will move at different speeds, so some tills may accept higher tap payments sooner than others.
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Practical impact: Expect more convenience for grocery runs and petrol stops, but check your card provider’s rules before relying on higher limits.
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