UK contactless card limit of £100 to be scrapped from 19 March

admin December 19, 2025 Leave a Comment

UK contactless card limit of £100 to be scrapped from 19 March

Under changes revealed by regulator, banks and card providers encouraged to set their own maximums

The £100 limit on contactless card payments will be scrapped next year and consumers could get the ability to spend as much as they want without inputting their pin under changes announced by the UK financial regulator.

Currently contactless payments by cards are limited, while payments using mobile phones are not, but the Financial Conduct Authority (FCA) said that from 19 March banks and card providers could set their own maximums.

Continue reading…

Related

Discover more from Stay Updated Finance News

Subscribe to get the latest posts sent to your email.

Author: admin

Marshall Islands launches world’s first universal basic income scheme offering cryptocurrency December 17, 2025
Quarterly payments of $200 to be offered via stablecoin or traditional currency in a scheme designed to ease cost of living pressures in the Pacific nationThe Marshall Islands has introduced a national universal basic income (UBI) scheme that offers payments via cryptocurrency, alongside more traditional methods, which experts say is the first scheme of its […]
UK Treasury drawing up new rules to police cryptocurrency markets December 15, 2025
Rachel Reeves wants to protect consumers by bringing digital money and assets into the ‘regulatory perimeter’Cryptocurrencies will be regulated in a similar way to other financial products under legislation coming into force in 2027.The Treasury is drawing up rules that will require crypto companies to meet a set of standards overseen by the Financial Conduct […]
Why celebrities are loving crypto again in Trump’s second term December 14, 2025
From athletes such as Tristan Thompson to artists such as Iggy Azalea, celebrities have returned to hawking cryptoFollowing the numbers suggests Tristan Thompson is nearing the end of his basketball career. While the 6ft 9in center once regularly played more than 80 games in a regular season, he’s hit new career lows, appearing just 40 […]
Crypto mogul Do Kwon sentenced to 15 years in prison for fraud December 12, 2025
Co-founder of Singapore-based Terraform Labs given more jail time by US judge than prosecutors soughtDo Kwon, the entrepreneur behind two cryptocurrencies that lost $40bn (£29.8bn) three years ago and caused the sector to crash, has been sentenced to 15 years in prison for fraud.The South Korean, 34, had pleaded guilty to two counts of US […]
UK will not be haven for dirty money, Lammy to say in corruption crackdown December 7, 2025
Exclusive: Justice secretary to announce measures aimed at countering illicit finance as well as bribery in public servicesThe UK will no longer be a haven for dirty money and dictators’ laundered assets, David Lammy is to promise as he announces a new anti-corruption strategy also aimed at tackling bribery and other misconduct across government and […]

Leave a Reply Cancel reply

Massachusetts Battery Start-Up to List on Stock Exchange December 18, 2025
Factorial, the start-up, said the listing would provide money that would help it bring new solid-state batteries to market as soon as 2027.
Sleep Cots and Graham Crackers at Elon Musk’s Child Care Program December 18, 2025
Mr. Musk has ambitions to remake education, but his latest effort to open an elementary school in Texas appears to have faltered.
Brendan Carr Says FCC ‘Isn’t Independent’ Amid Concerns of How Trump Might Use the Agency December 17, 2025
The comment from Brendan Carr, a Republican, raised concerns from lawmakers about how President Trump might use the agency.
What Trump’s Embrace of Crypto Has Unleashed December 17, 2025
A boundary-pushing array of new crypto ventures have reached the stock market, enticing investors and leading to more risk taking.
In A.I. Boom, Venture Capital Firms Are Raising Loads More Money December 16, 2025
Lightspeed Venture Partners, a Silicon Valley venture firm, has amassed more than $9 billion to invest in artificial intelligence. That is its biggest haul.
Senators Investigate Role of A.I. Data Centers in Rising Electricity Costs December 16, 2025
Three Democrats are seeking information from tech firms about the growing energy use of data centers and the utility bills of individuals and other businesses.
Can OpenAI Respond After Google Closes the A.I. Technology Gap? December 16, 2025
A new technology release from OpenAI is supposed to top what Google recently produced. It also shows OpenAI is engaged in a new and more difficult competition.
Elon Musk Tests Europe’s Willingness to Enforce Its Online Laws December 16, 2025
Backed by White House officials, the tech billionaire has lashed out at the European Union after his social media platform X was fined last week.
Ford Will Take $19.5 Billion Hit as It Rolls Back E.V. Plans December 15, 2025
Ford Motor said the costs came from its decision to make fewer electric vehicles than it had planned and more hybrids that use both gasoline engines and batteries.
How Tech’s Biggest Companies Are Offloading the Risks of the A.I. Boom December 15, 2025
The data centers used for work on artificial intelligence can cost tens of billions to build. Tech giants are finding ways to avoid being on the hook for some of those costs.
Trump Administration Begins Program to Increase Government’s Tech Worker Ranks December 15, 2025
The U.S. Tech Force is aiming to hire about 1,000 top-level technical employees and supervisors to join federal agencies and work on projects related to artificial intelligence and modernization.
Elon Musk’s SpaceX Valued at $800 Billion, as It Prepares to Go Public December 14, 2025
A sale of insider shares at $421 a share would make Mr. Musk’s rocket company the most valuable private company in the world, as it readies for a possible initial public offering next year.
Harold Hamm, Oklahoma Oil Tycoon, Allies With Trump to Reshape U.S. Energy December 12, 2025
Harold Hamm, an Oklahoma oil tycoon, has played a central role in reshaping energy policy by allying himself with President Trump.
Australia Kicks Kids Off Social Media + Is the A.I. Water Issue Fake? + Hard Fork Wrapped December 12, 2025
“I’m told that Australian teens, in preparation for this ban, have been exchanging phone numbers with each other.”
China Is Getting Much of What It Wants From the U.S., Including Chips December 12, 2025
For China, President Trump’s moves to loosen chip controls, soften U.S. rhetoric and stay silent on tensions with Japan amount to a rare string of strategic gains.
Trump Moves to Stop States From Regulating AI With a New Executive Order December 12, 2025
The order would create one federal regulatory framework for artificial intelligence, President Trump told reporters in the Oval Office.
Do Kwon, Crypto Entrepreneur Who Caused 2022 Crash, Sentenced to 15 Years December 11, 2025
Do Kwon, who designed the virtual currencies Luna and TerraUSD, which plunged in 2022, had pleaded guilty to fraud.
Ford’s Car of the Future, Hatched in a Skunk Works Near Los Angeles December 11, 2025
Desperate to catch up with Chinese automakers, Ford is redesigning its fleet with a Silicon Valley-style team. Is it too late?
After Australia, Which Countries Could Be Next to Ban Social Media for Children December 11, 2025
Governments are studying the decision to prohibit youths from using platforms like Facebook and TikTok as worries grow about the potential harm they cause.
How Clair Obscur: Expedition 33 Became a Gaming Tour de Force December 11, 2025
Without a blockbuster budget or much experience, the creators of Clair Obscur: Expedition 33 astounded the industry with an emotional narrative and old-school design.