FCA Proposes Flexibility on Contactless Payment Limits in Britain

The Financial Conduct Authority (FCA) has proposed allowing card providers in Britain to set their own contactless payment limits, potentially raising the current £100 ($135.35) cap. The regulator said the move aims to make payments more convenient for consumers while supporting digital solutions and economic growth.

The consultation, open until October 15, is part of 50 measures the FCA outlined to the prime minister earlier this year. While the regulator does not expect immediate changes, the flexibility would give firms more freedom to tailor limits to customer needs. Many providers already let users adjust their personal limits or disable contactless features entirely.

David Geale, the FCA’s executive director of payments and digital finance, stressed that fraud protection remains in place. “Even with contactless, firms will refund your money if your card is used fraudulently,” he said, adding that stronger controls mean consumers can benefit from greater convenience without compromising safety.

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