Banks to set own contactless limit as FCA scraps cap

cityam

Dec 19, 2025

Card providers are set to be given the powers to abolish limits on contactless payments. UK banks will be able to set their own contactless limits under new rules set to be introduced by the City ...

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UK banks will be able to set their own contactless limits under new rules set to be introduced by the City ...</p>\n\n<a href=\"https://www.cityam.com/banks-to-set-own-contactless-limit-as-fca-scraps-cap/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Banks to set own contactless limit as FCA scraps cap</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBanks to set own contactless limit as FCA scraps cap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-19 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/banks-to-set-own-contactless-limit-as-fca-scraps-cap/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Card providers are set to be given the powers to abolish limits on contactless payments. UK banks will be able to set their own contactless limits under new rules set to be introduced by the City ...</p>\n\n<a href=\"https://www.cityam.com/banks-to-set-own-contactless-limit-as-fca-scraps-cap/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FCA","symbol_name":"First Trust China AlphaDEX Fund","start_time":0,"source_url":"https://www.cityam.com/banks-to-set-own-contactless-limit-as-fca-scraps-cap/","article_id":"2592354531","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2024/05/experiancreditcardsgetty-0-57ed690468d2a-57ed690476d27.jpg-2.webp?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/banks-to-set-own-contactless-limit-as-fca-scraps-cap/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2592354531","pubTimestamp":1766106000,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"Card providers are set to be given the powers to abolish limits on contactless payments. UK banks will be able to set their own contactless limits under new rules set to be introduced by the City watchdog next year.In the current system, banks place a cap on payments of up to 100 per transaction when consumers are using physical contactless cards. But changes introduced by the Financial Conduct Authority  will permit banks with strong fraud controls to set their own limits on contactless from 19 March.The review into the contactless cap began as part of the regulator’s review into policies it could reform to drive economic growth following a rallying cry from the Labour government.FCA takes up growth missionBanks changing their rules will have to communicate it to customers, though they are also being encouraged to allow consumers to set their own limit or turn contactless of altogether.It follows a surge in popularity of contactless spending with figures from Barclays indicating near ","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FCA":"First Trust China AlphaDEX Fund"},"translate_title":"随着FCA取消上限，银行将设定自己的非接触式限额","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FCA":1.5},"content_text":"Card providers are set to be given the powers to abolish limits on contactless payments. UK banks will be able to set their own contactless limits under new rules set to be introduced by the City watchdog next year.In the current system, banks place a cap on payments of up to £100 per transaction when consumers are using physical contactless cards. But changes introduced by the Financial Conduct Authority (FCA) will permit banks with strong fraud controls to set their own limits on contactless from 19 March.The review into the contactless cap began as part of the regulator’s review into policies it could reform to drive economic growth following a rallying cry from the Labour government.\n\nProposals set out earlier this year revealed the FCA wanted to offer companies greater “flexibility” over the £100 limit.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFCA takes up growth missionBanks changing their rules will have to communicate it to customers, though they are also being encouraged to allow consumers to set their own limit or turn contactless of altogether.It follows a surge in popularity of contactless spending with figures from Barclays indicating near 95 per cent of eligible in-store card transactions were contactless in 2024.As part of its consultation in September, the FCA said one 85 per cent of Brits made contactless payments at least once a month.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}