Contactless Payment Limits - Engagement Paper

Read the Engagement Paper (PDF)[1]

Why we're asking for input

When consumers can make contactless payments quickly, safely and securely, it encourages more contactless transactions and helps build trust in the UK payments system.

We currently set limits on the value and number of contactless payments that can be made before requiring authentication, typically via PIN entry. Separately, banks and other payment service providers (PSPs) can apply their own contactless limits within our regulatory limits.

This paper sets out several ways we could approach contactless payment limits in the future, to give greater flexibility to PSPs, consumers and businesses to decide limits which work for them, while still reducing the risks of fraud.

Who should read this publication

This Engagement Paper will primarily interest:

• consumers and consumer groups
• banks and other payment service providers
• payment card, digital wallet and technical service providers
• retailer and business payment service users 

Next steps

We’re asking for comments on this Paper by 9 May 2025.

Email: [email protected]

You can also write to: Payments Policy, Financial Conduct Authority, 12 Endeavour Square, London E20 1JN.

Feedback on this paper will help inform our future regulatory approach to contactless limits.