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[QUOTE="Munyaradzi Mafaro, post: 78879, member: 636"]
Regulators just cleared the way for much higher tap-and-pay limits, possibly even removing the cap entirely. Starting in March, banks and card companies can set their own maximums for contactless transactions without a PIN. The Financial Conduct Authority is pushing firms to also offer customer controls, like letting people set personal limits or turn the feature off.

This shift away from the fixed one-hundred-pound cap faces public skepticism. A regulator survey found most consumers oppose raising the limit, citing fears about fraud and accidental overspending. Critics, including consumer advocates, warn that easier high-value taps could make stolen cards more lucrative and might enable financial abuse. They also note it could speed up the move away from cash.

Industry representatives promise that strong security will remain, pointing to other countries with flexible limits. The FCA emphasizes that existing fraud protections will stay in place. The change reflects that contactless is now the preferred payment method for many, even as efforts continue to maintain physical cash access through banking hubs. Whether banks will actually raise limits significantly, given the apparent lack of customer demand, is still unclear.
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