UK contactless payments limit is rising to £100 – should you be worried?

UK contactless payments limit is rising to £100 – should you be worried?:

Some fear overspending or say the change from Friday is ‘a thief’s dream’, but there are safeguards

It’s a financial revolution that began quietly in September 2007. That is when the first contactless bank cards were introduced in the UK, allowing people to “wave and pay” for low-value items such as a cup of coffee or a newspaper. At the time, spending was capped at £10.

Fourteen years on, with at least 135m contactless cards in circulation and the technology accounting for 9.6bn payments a year and rising, the limit is about to go up to £100. This change, which takes effect on Friday 15 October, will more than double the current £45 cap.

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