Story perspectives

FCA Considers Unlimited Contactless Payments Amid Theft Concerns

9/10/2025

32 2

Summary

Story summary

The Financial Conduct Authority (FCA) plans to raise contactless card payment limits beyond £100, possibly making them unlimited.
This change seeks to match card payments with unlimited digital wallet transactions.
Since 2007, contactless limits have gradually increased, reaching £100 in 2021.
Consumer feedback indicates 78% prefer current limits due to theft concerns.
The FCA confirms ongoing fraud protections and banks may provide options for lower limits or disabling contactless payments.

1 of 1

Story summary

The Financial Conduct Authority (FCA) plans to raise contactless card payment limits beyond £100, possibly making them unlimited.
This change seeks to match card payments with unlimited digital wallet transactions.
Since 2007, contactless limits have gradually increased, reaching £100 in 2021.
Consumer feedback indicates 78% prefer current limits due to theft concerns.
The FCA confirms ongoing fraud protections and banks may provide options for lower limits or disabling contactless payments.