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Contactless spending limit set to rise

The limit set on contactless card transactions will rise from £45 to £100 from 15 October.

The spending limit has been raised gradually, from £10 pounds when contactless card payments were introduced in 2007, to £20 pounds in 2012, then £30 in 2015, and up to £45 from the start of the pandemic in 2020.

The pandemic has encouraged consumers to move away from cash, with many retailers keen to minimise contact between staff and customers.

Nearly sixty percent of all debit card payments are now made using tap-and-go technology.

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