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UK's FCA considers removing £100 limit on contactless card payments to boost convenience.
The UK's Financial Conduct Authority (FCA) is considering removing the £100 limit on contactless card payments, allowing providers to set their own limits.
This change aims to increase payment convenience, though it has raised concerns about potential fraud increases.
Currently, contactless payments are capped at £100, but the FCA believes that advancements in technology and fraud controls justify this change.
The proposal is open for consultation until October 15, 2025.
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La FCA del Reino Unido considera eliminar el límite de £ 100 en pagos con tarjeta sin contacto para aumentar la conveniencia.