Mastercard enables Contactless limit raise across 29 countries; and champions permanent increase

  • Payments
  • 25.03.2020 09:29 am
  • 571

Today Mastercard announced its commitment to enabling the increase in contactless payment limits across Europe. The move comes as 29 countries implement new limits, which will ultimately improve shopping experiences for people across the region.

Across Europe, Mastercard has championed several initiatives which have seen a dramatic increase in the use of contactless cards and mobile devices; 75% of all Mastercard transactions across Europe are now contactless.  This increase in contactless limits will mean cardholders and shopkeepers will soon be able to make and receive more of their payments both quickly and securely, and without the need to enter a PIN or use cash.

“Mastercard was the first to grasp the potential and ensure all payment terminals became contactless ready from 1st January 2020. We have all now seen how quickly people have embraced Contactless payments as their preferred way to pay every day.  Today’s announcement is designed to reflect the pace of changing behaviours of the people we all serve giving them ease, speed and peace of mind in a fast changing world.” said Milan Gauder, Executive Vice President of Product and Innovation, Europe at Mastercard.

Among the 29 countries, UK, Ireland, Estonia and Poland are leading the way with permanent changes to limits while the likes of Netherlands and Greece are implementing temporary limit raises to help their people shop easily during this difficult time.

He added, “Since its inception, Mastercard has been championing the benefits of contactless payments as a simple, safe and fast way to pay. Today’s announcement means that not only will those who are already using contactless benefit from even more freedom to pay, in a way they want, it will also provide additional support for people with the daily challenges they face.”

Please find below all 29 countries with their old and new limits:

Country

Croatia

Cyprus

Estonia

Greece

Germany

Ireland

Latvia

Luxembourg

Currency

HRK

EUR

EUR

EUR

EUR

EUR

EUR

EUR

Current limit

100

20

25

25

25

30

25

25

New limit

350

50

50

50

50

50

50

50

 

Country

Malta

Netherlands

Portugal

Spain

Poland

UK

Hungary

Currency

EUR

EUR

EUR

EUR

PLN

GBP

HUF

Current limit

25

25

 

20

20

50

30

5000

New limit

50

50

50

50

100

45

15000

 

Country

Uzbekistan

Bulgaria

N.Macedonia

Albania

Kosovo

Lithuania

Currency

UZS

BGN

MKD

LEK

EUR

EUR

Current limit

52500

50

750

2000

15

25

New limit

250000

100

2000

4500

40

50

 

Country

Sweden

Armenia

Belarus

Georgia

Kazakhstan

Kyrgyzstan

Tajikistan

Turkey

Currency

SEK

AMD

BYN

GEL

KZT

KGS

TJS

TRY

Current limit

200

12100

20

45

5000

1525

140

120

New limit

400

20000

100

100

20000

2500

200

250

 

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