Business Services

Brits embrace higher contactless spending limit

Contactless spending - Raising the spending limit from £20 to £30 six months ago has proved popular - SantanderCB

The UK's decision to raise the contactless spending limit from £20 to £30 six months ago has proved popular, particularly with pub-goers, new figures from Visa show. Contactless transactions over £20 saw an average monthly growth rate of 19.1% between October 2015 and March 2016, double the growth rate of tap and pay under £20. In total, contactless usage between £20 and £30 now accounts for more than 10% of all face-to-face card transactions within that spending band. There has been a surge in contactless payments in the £20 to £30 band in pubs and bars, compared to growth of only 3% in or contactless purchases under £20. In supermarkets, where the average basket is £25, the data shows a 100% increase in contactless transactions compared to the six months before the £30 limit was introduced. Contactless expenditure in restaurants has risen 155% while the average contactless transaction in service stations has increased by £2.22 since the £30 limit began.


Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

When you’re an established business, recruiting top talent in all the areas you need can seem like a never-ending challenge.


If you’re a start-up or small business, how can you put together an attractive employee package to appeal to top talent – graduate and…


Mexico is predicted to become one of the world’s top 10 economies in the next 10 or 20 years.

Stop fraud

More than one million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by…

Santander’s Head of SME International Mark Collings discusses why exporting to new global markets may provide businesses with new and…

Where Next?