🚨 Exciting Update for Contactless Payments Coming March 2026! 🚨
Are you ready for a big change in how you pay? Starting March 19, 2026, you might be able to tap your card for more than £100! The Financial Conduct Authority (FCA) is revamping the rules to give banks and payment services the flexibility to set their own contactless limits if they have robust fraud controls.
Why is this a big deal? Well, contactless payments have skyrocketed in popularity, with a whopping 94.6% of eligible transactions being contactless last year, according to Barclays. It’s fast, it’s easy, and it might soon be available for even bigger purchases!
Businesses with strong fraud prevention measures could soon decide their own limits, so keep an eye out for updates from your bank and favourite shops. Plus, they’re being encouraged to let you set your own limits or even switch off contactless if you like.
While the £100 limit is here to stay for a bit longer, this change could mean faster shopping and dining experiences without compromising on security. Don’t worry, if your card is ever lost or stolen, you’ll still be reimbursed for any unauthorised transactions.
The change is part of a broader effort to support economic growth and adapt to new consumer needs and technology. 🏦💳
Tag a friend who loves using contactless and stay tuned for more updates! #ContactlessPayments #TechUpdate #ShoppingRevolution
🔔 Remember to check in with your bank for their new limits and enjoy the perks of quicker payments ahead! Which of your favourite spots do you hope will adjust their limits first? Let us know in the comments! 💬⤵️