£100 payment limit in UK shops could be scrapped after October 15

The £100 limit on using contactless card payments could be scrapped under proposals being consulted on by the Financial Conduct Authority (FCA). The regulator said it wants to give card providers the flexibility to decide the right limit for them and their customers.

The contactless card limit has been raised in steps over the years, currently standing at £100. The proposals are out for consultation until October 15 2025.

Many card providers already offer customers the ability to adjust their personal contactless limits or turn off contactless functionality on their card altogether. The Financial Conduct Authority said it is encouraging firms to continue to offer their customers this choice.

David Geale, executive dire

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