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The Guardian - UK
The Guardian - UK
Business
Hilary Osborne

What will happen now the £100 contactless card limit has been scrapped?

FCA Inflation
Woman tapping a contactless credit card. Credit card reader with very shallow depth of field.
The FCA said banks should allow customers to set their own limits on spending. Photograph: courtneyk/Getty Images

The limit on contactless spending with a credit or debit card has been scrapped, and banks will be allowed to set their own restrictions.

The City watchdog, the Financial Conduct Authority (FCA), said the move would allow banks to respond to changing consumer demands, inflation and new technology.

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