Britain eyes higher contactless payment ceiling after pandemic surge

LONDON, Jan 27 (Reuters) - Britain's Financial Conduct
Authority said on Wednesday it will consult on raising the limit
on contactless payments from 45 pounds to 100 pounds ($62-$137)
following a rise in such payments since the pandemic unfolded.

"Since the limit for contactless card payments was raised to
45 pounds last April at the start of the pandemic, people are
increasingly making use of contactless payments," the watchdog
said in a statement.

($1 = 0.7280 pounds)
(Reporting by Huw Jones, editing by Louise Heavens)