The FCA said it is now consulting on raising the limit again.
"Recognising changing behaviour in how people pay, as part of a wider consultation, we will shortly be seeking views on amending our rules to allow for a possible increase in the contactless limit to £100," it said.There are concerns that increasing the contactless payment limit may lead to the end of customers using cash, but the Government intends to legislate to protect against this.
To prevent contact and protect customers during the pandemic, some retailers encouraged shoppers to pay by card, but a recent Bank of England study found the risk of catchingThe FCA made the comments as it confirmed further coronavirus support measures. It said that for mortgage customers, it is extending current guidance so firms should not enforce repossessions, except in exceptional circumstances, before 1 April.
About time.
Cash is still king so use it or lose it! Don't use your debit cards to pay for anything if you can, as this is all part of the greatreset, to track you more and a future cashless society! CashIsKing refusecontactlesscards NoToDebitcards carrycash
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