The contactless payments limit in the UK is set to rise to £100 in October.
In Brief:
The change will happen on 15 October.
Currently the cap is £45.
This was announced by Rishi Sunak in his budget speech in March.
What does this mean?
This marks the biggest limit increase yet, with the £30 limit only increased in April last year amid a surge in cashless payments due to the pandemic.
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