The transaction cap for contactless payments was raised to £100 this week, which more than doubled the previous limit of £45.
For some, this will come as a welcome change, especially when it’s already possible to authorise contactless payments without a transaction limit on Apple Pay and Google Pay.
But for those who are worried about this new limit - let’s face it, it will let you rack up some big spends in no time - this MT Week is all about if and how you can set your own upper limit, what banks are doing to protect your money and other things you should know.
Read this post online here.
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