FCA seeks views on removing the £100 contactless limit 14/03/2025

News Financial services Consultations

Date: 14th Mar, 2025 Source: Financial Conduct Authority Country: United Kingdom Original Source

Brief

On March 14, 2025, the Financial Conduct Authority issued an update regarding FCA seeks views on removing the £100 contactless limit. The proposal aims to improve and increase trust in the UK's payments system by exploring options such as allowing firms to set their own limits or increasing the current £100 limit, while maintaining consumer protection and existing legislation requirements for reimbursement in cases of unauthorized payment fraud.

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Financial Conduct Authority

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FCA seeks views on removing the £100 contactless limit 14/03/2025

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FCA seeks views on removing the £100 contactless limit 14/03/2025

Brief

Financial Conduct Authority

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