From Thursday, the Financial Conduct Authority is allowing banks and payment providers to set their own contactless spending limits, instead of sticking to the current £100 cap. What’s actually changing for contactless spending limits? Until now, contactless payments have been capped at £100 per transaction across the UK. Why your phone already goes higherMobile wallets already allow higher payments in many cases. That’s because they use:Face ID or fingerprint verificationExtra layers of securityWill the £100 limit go altogether?

Source: The Times March 19, 2026 03:06 UTC