Starling Bank has found that there is “little demand” for the higher contactless limit of £100.
In Brief:
In the UK, the limit will increase to £100 this week.
Starling Bank has enabled its customers to set their own limit on the platform.
However not many customers have opted for the choice, and Starling has noted “a fair degree of concern”.
What does this mean?
Anne Boden, CEO of Starling Bank, says that through spending data and responses from their customers, they can see “there appears to be little demand for the increased contactless limit and that many would like to retain the same contactless limit or even reduce it”.
