This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
03/31/2026
[Duplicate] New FCA rules allow UK banks and payment providers to set contactless payment limits
Credit Strategy
Essential Takeaways
-
Cap removed: The fixed £100 contactless card limit is being lifted for banks and payment providers with robust fraud controls.
-
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.
-
Safety still central: Firms must have strong fraud controls to offer higher limits, so not every card will automatically support bigger contactless spends.
-
Rollout varies: Retailers and banks will move at different speeds, so some tills may accept higher tap payments sooner than others.
-
Practical impact: Expect more convenience for grocery runs and petrol stops, but check your card provider’s rules before relying on higher limits.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more information
Resources
Your electronic library to help in fighting financial fraud for all of our partners.
more information