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The Independent UK
The Independent UK
Business
Vicky Shaw

Regulator seeks views on scrapping or increasing £100 contactless card limit

The City regulator is seeking views on whether removing or increasing the contactless card limit could benefit households, businesses and economic growth.

The Financial Conduct Authority (FCA) said one option put forward is to allow firms who use technology to reinforce fraud controls to set their own limits, as happens in the United States.

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