Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what representations he has made to credit and debit card companies and retail banks on raising the £30 limit on contactless payments to reduce physical interaction in response to the covid-19 outbreak.
Industry will increase the cap on the value of contactless transactions from 1 April, and shops will begin accepting payments up to £45.
The Treasury is working closely with industry and the financial regulators to ensure the steps they take are properly coordinated with Government’s wider economic response to COVID-19.