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British regulator proposes scrapping limit on contactless card payments
Yahoo Finance· 2025-09-10 07:52
LONDON (Reuters) -Contactless card payments in Britain could exceed a 100-pound ($135.35) limit under new proposals outlined by the markets regulator on Wednesday. The Financial Conduct Authority (FCA) said it was proposing giving card providers the flexibility to decide the right limit for them and their customers, noting that people could benefit from more convenient larger payments. The consultation, which will run until October 15, is one of around 50 measures the FCA outlined in a letter to the prim ...