Ever had that embarrassing moment of tapping your card on the reader only for the contactless technology not to work, and then realised that your total is £21.39?
The £20 limit on contactless transactions has some obvious advantages, but it does limit day-to-day use and thus the UK Cards Association has decided to do something about it.
From September 2015 the limit for contactless payments will be raised from £20 to £30.
The main driving force behind the rise is the increased usage of the pin-free technology, with transactions tripling between 2013 and 2014 - with the technology now part of the mainstream according to the UK Cards Association.
So whether it's paying for a bus ride in London or grabbing a coffee in Leeds, you'll be able to splurge even more without the need for a pin from September.
- The future of contactless payments may be in your retina, heart beat and veins
from www.techradar.com
