Published 10 months ago • loading... • Updated 10 months ago

Shoppers could face major change at checkout at Tesco, Asda and more

The UK regulatory body responsible for financial oversight has recently sought feedback on the possibility of lifting the £100 contactless payment cap at supermarket checkouts, affecting retailers such as Tesco and Asda.
The FCA’s review, part of work announced to Prime Minister Keir Starmer in January, aims to support growth while ensuring consumer protection under the Consumer Duty rules.
The review considers customer benefits such as increased flexibility and draws on US experience to level payments with digital wallets, with 85% of UK consumers using contactless payments monthly.
Emma Reynolds called the removal a "welcome step" for families' safety and flexibility, while UK Finance’s Jana Mackintosh emphasized fraud prevention but favored industry-led limits and PIN rules.
If implemented, the changes could increase trust and flexibility in the UK payments system by balancing security and convenience through industry-driven controls.

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