What will happen when the £100 contactless card limit is scrapped?

Watchdog says banks will be able to respond to changing consumer demands, inflation and new technology The limit on contactless spending with a credit or debit card has been scrapped , and banks will be allowed to set their own restrictions. The City watchdog, the Financial Conduct Authority (FCA), said the move would allow banks to respond to changing consumer demands, inflation and new technology. Continue reading...

By Hilary Osborne