UK contactless cards reforms go live: Industry reaction

The FCA has been clear that it doesn't expect PSPs to rush into raising limits, and we think that caution is well-placed. For firms serving vulnerable customers – people with lower digital confidence, or those without easy access to card controls – the practical reality is that higher limits may simply not be appropriate. The Consumer Duty means those firms can't just flip a switch and move on.What's shifted is where the risk sits. The £100 cap was a blunt tool, yes, but it was one that consumers understood ...