UK contactless payments could go above £100 or become unlimited

Financial watchdog says proposals to allow providers to set own limits would be more convenient for shoppers

Contactless card payments could go above £100 and potentially become unlimited under proposals to allow banks and other providers to set their own limits for customers.

The Financial Conduct Authority (FCA) said on Wednesday that the proposal to scrap the current limit would provide shoppers with more convenience and card providers “the flexibility to decide the right limit for them and customers”.