Breaking News
Contactless card payment limit to rise in UK from £30 to £45 to stop spread of virus on PIN pads
The £30 limit on contactless card payments is set to rise to £45 in a bid to stop people dawdling in checkout queues and spreading coronavirus. The contactless card payment limit in shops will increase by £15 as part of measures to combat coronavirus.
Mark Barnett, Divisional President of Mastercard in the UK, said:
“As we all collectively navigate the current unsettling and uncertain times, providing consumers and businesses with a choice in how they wish to pay and get paid, remains a constant for us. On this basis we fully support the increased contactless limit here in the UK and across Europe, cardholders and shopkeepers will soon be able to make and receive more of their purchases both quickly and securely, and without the need to enter a PIN.”
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The Paytech Magazine Issue #17
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EXCLUSIVE: “TradFi Versus DeFi: From Disruption to Definition” – Jessica Blue, Money20/20 in ‘The Paytech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
The Paytech Magazine Issue #17
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
World’s Largest Fintech Meetings Event Expands to Europe with 2026 Lisbon Launch
Fintech Meetup announced the launch of Fintech Meetup Europe, taking place in Lisbon, Portugal, 6-8 October 2026. The event will bring together 2,500+ attendees, including 650+ hosted buyers from banks, financial institutions, retailers, and merchants, alongside fintech innovators, investors, and ecosystem leaders from across Europe and beyond.
Innovation Celebrated as Winners of Open Banking Expo Awards 2025 Revealed
The Open Banking Expo Awards 2025 have unveiled this year’s winners – a celebration of the organisations and individuals driving excellence across Open Banking, Open Finance and payments.
Fintech Revolution Summit 2025
The UAE is stepping up its Fintech leadership. On November 27th, 2025 Abu Dhabi will become the epicentre of Fintech innovation in the region as it hosts the Fintech Revolution Summit 2025, organized by TraiConEvents.
How Plumery Is Empowering Banks With Freedom
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U.S. Bank Avvance Launches Customized Embedded Financing Offering
U.S. Bank Avvance enables financial institutions and fintechs to offer their customers simple, flexible embedded financing options