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LONDON, Aug 27 (Reuters) - Banks will start rolling out the
new 100 pound ($137.02) spending limit for contactless payments
from October 15, Britain's banking industry body UK Finance said
on Friday.
Contactless payments surged during the pandemic, with some
shops refusing to take cash to help prevent the spread of
COVID-19.
"Given the number of terminals which will need to be updated
to accept the new limit, it will take some time to be introduced
across all retailers," UK Finance said in a statement.
The limit on payments had already been increased to 45
pounds from 30 pounds in April 2020, a month after the first
national lockdown in Britain was introduced.
($1 = 0.7298 pounds)
(Reporting by Huw Jones; editing by Carolyn Cohn)
