Shoppers can now make payments of up to £100 ($137) with a single tap of their card. The contactless card payment limit has increased from £45 ($62) to £100 ($137), although many retailers’ terminals will need to be updated so the option will not be available everywhere immediately. It may take “days, weeks, or even months” for some retailers to make the necessary changes, according to the British Retail Consortium (BRC), so customers will need to check with individual stores. The increase from Friday marks the fifth time that the limit has been raised, after it was initially set at £10 ($13.7) in 2007. The limit was increased to £45 ($62) in April 2020, early on in the COVID-19 pandemic. Some shops restricted people’s ability to pay with cash during the crisis, although Bank of England research suggests the risk of catching COVID-19 from banknotes is low. Between January and …
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