Contactless transactions: At 50 euros the limit


The ceiling for contactless transactions has already been raised to 50 euros, up from 25 euros to date.

According to secure information, the limit increase already applies to anyone who makes a card or wallet transaction in a POS store.

Top banking sources explain that this measure was taken as a convenience for consumers to expand their transactions with plastic money and without even having to enter their code at the terminal.

Amidst the spread of coronavirus, banks are trying to adapt to the instructions of the competent authorities with their operation, but also to encourage the change in trading behavior so that their customers can conduct their transactions safely and for their health – at least in the limited categories of retail stores that remain open.

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