The limit on contactless card payments is to increase to £100.
It’s the second time the sum has risen as the Government tries to bring people back to the High Street.
Shoppers can use their cards from October 15th to buy anything under £100.
David Postings, chief executive of trade body UK Finance, said:
“Contactless payment has proved very popular with consumers and an increasing number of transactions are being made using contactless technology.
“The increase in the limit to £100 will allow people to pay for higher value transactions like their weekly shop or filling up their car with fuel.
“The payments industry has worked hard to put in place the infrastructure to enable retailers to update their payments systems so they can start to offer their customers this new higher limit.”
Chancellor Rishi Sunak said:
“Increasing the contactless limit will make it easier than ever to pay safely and securely, whether that’s at the local shops, or your favourite pub and restaurant.
“As people get back to the high street, millions of payments will made be simpler, providing a welcome boost for retailers and shoppers.”
Contactless cards were introduced in 2007 with a £10 limit.
