This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

UK financial watchdog seeks views on removing the GBP100 contactless limit

( March 14, 2025, 09:51 GMT | Official Statement) -- MLex Summary: The Financial Conduct Authority is seeking views about removing or increasing the contactless transactions limit, arguing it would benefit economic growth. UK contactless retail payments can be made without additional authentication, such as a PIN, up to 100 pounds in a single transaction. The watchdog said it's considering removing or increasing the limit given improvements in fraud-detecting technologies. "Making regulation less prescriptive would also give firms greater control and could promote innovative payment methods or fraud prevention solutions," the FCA said.   Statement follows and engagement paper is attached....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login