Shoppers start to use new £100 contactless payment limit…
The spending limit on each use of a contactless card has now risen from £45 to £100 – but not every shop will accept the new payment threshold.
Retailers say it could take months to update terminals before every shopper can spend up to £100, without the need to enter a four-digit Pin.
The move aims to make purchases such as grocery shopping more convenient.
But some warn it could lead to a rise in theft and one bank boss questioned whether shoppers want a higher limit.
Some 60% of debit and credit card transactions in the UK were contactless in the first seven months of the year. These accounted for a total of 6.6 billion payments with a value of £81bn.
