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flag UK's FCA considers removing £100 limit on contactless card payments to boost convenience.

flag The UK's Financial Conduct Authority (FCA) is considering removing the £100 limit on contactless card payments, allowing providers to set their own limits. flag This change aims to increase payment convenience, though it has raised concerns about potential fraud increases. flag Currently, contactless payments are capped at £100, but the FCA believes that advancements in technology and fraud controls justify this change. flag The proposal is open for consultation until October 15, 2025.

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