Get Ready for Higher Touch-Free Payments Soon!
- Contactless card spending limit to increase from £45 to £100
- Increase set to take effect on 15th October 2021
The UK government has announced plans to raise the contactless card spending limit from its current level of £45 to £100 starting 15th October 2021. This follows an initial increase from £30 during the pandemic.
Factuality Level: 10
Factuality Justification: The article provides accurate and concise information about an upcoming change in the contactless card spending limit.
Noise Level: 7
Noise Justification: The article provides relevant information about a change in policy related to contactless card spending limits but lacks depth and analysis. It does not explore the potential consequences or long-term trends of this decision, nor does it question the underlying reasons behind it. Additionally, it doesn’t offer any actionable insights or new knowledge for readers.
Financial Relevance: Yes
Financial Markets Impacted: The change in contactless card spending limit may impact payment processing companies and potentially affect consumer spending habits.
Financial Rating Justification: This article is relevant to financial topics as it discusses a change in the contactless card spending limit, which can influence consumer behavior and have an impact on payment processing companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.
www.retailsector.co.uk