UK retailers call for higher contactless transaction limit

More than half of UK retailers that accept contactless payments would like to see the spending limit raised above the current £30 (US$40) cap, with 37% opting for £50 (US$66) and one in five hoping to see a £100 (US$132) ceiling, research released by Barclaycard ahead of the tenth anniversary of the launch of contactless payments in the UK reveals. Two in five retailers now either only accept card payments or plan to become completely cash-free in the next five years, the research found.